Torchlight takes majority control of KCR Residential REIT

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The Torchlight Fund has become the majority shareholder in KCR Residential REIT after triggering its option to add 13,500,000 shares to its holding.

Following the shares deal, which cost £2.7m, Torchlight’s interest in KCR increases to 23,100,000 Shares, representing 55.4% of the company’s enlarged issued share capital, and 35,900,000 options.

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