Real estate investor adds series of development sites to portfolio
A Manchester-based closed-ended private rental sector real estate investment trust established to invest in new-build homes has acquired a series of development sites across the North West.
PRS REIT, which launched last year, has snapped up three development sites with a combined gross development cost of £34.4m, and purchased an additional completed PRS site for £9.08m.
The three development sites comprise a site in Greater Manchester and two sites in Merseyside, and will yield a total of 238 additional new family homes.
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