20th May 2019 12:20
LONDON (Alliance News) - Sigma Capital Group PLC said Monday its wholly owned subsidiary, Sigma PRS Management Ltd, has secured a further GBP200 million of debt facilities for PRS REIT PLC.
Sigma PRS acts as PRS REIT's investment adviser. PRS REIT said the facility was secured with Lloyds Bank and Scottish Widows.
The total gross balance of deployable funds available to PRS REIT now stands at GBP900 million. PRS REIT said these funds are already committed to development sites which, when completed, are expected to result in a portfolio of about 5,600 new rental homes.
Shares in Sigma Capital were up 1.3% Monday at 118.00 pence each. PRS REIT was trading down 0.5% at 96.50p.
Related Shares:
Prs ReitSGM.L