Specialist investor buys £10m PRS scheme
A newly-completed PRS scheme in Smethwick has been bought by a specialist investor from Sigma Capital for £10.3m.
PRS REIT, real estate investment trust established to invest in new-build homes in the private rented sector (PRS), is the new owner of 63 homes at Galton Lock.
The properties are part of a wider development of 180 two, three and four-bedroom homes built by Countryside in partnership with Sigma Capital that was launched last year. The PRS element generates annual rent of £600,000.
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