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Sigma Capital Secures Further GBP200 Million Facility For PRS REIT

LONDON (Alliance News) - Sigma Capital Group PLC said Monday its wholly owned subsidiary, Sigma ...

Alliance News 20 May, 2019 | 12:20PM
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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.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
PRS REIT Ord 88.00 GBX 0.57 -
Sigma Capital Group PLC 102.00 GBX 0.00 -

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Alliance News

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