Jopling set for £175m affordable PRS float

Nick Jopling

Former Grainger director Nick Jopling is set to chair The Multifamily Housing REIT, which has announced plans to raise £175m.

The company, which will be a closed-ended real estate investment trust, will invest solely in already built homes outside Greater London let to private tenants. The group will issue 175m ordinary shares at an issue price of £1 per share.

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