PRS REIT has secured a further £200m of debt facilities, after its investment adviser agreed a deal with Scottish Widows and Lloyds Bank.
The debt financing, negotiated by Sigma PRS Management, brings the REIT’s total gross balance of deployable funds to £900m.
These are committed to development sites that, once finished, are expected to create a portfolio of 5,600 new rental homes.
The deal comes after PRS REIT last week took delivery of its 1,000th property.
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