Aberdeen Standard fund commits £60m to Birmingham PRS scheme

PRS

Aberdeen Standard Pan-European Residential Property Fund (ASPER) is committing £60m to a private rented sector (PRS) scheme in Birmingham.

The investment, which is the fund’s first in the UK, representing an initial yield of 4.25%, will forward fund the redevelopment of a 10-storey post office building into 259 apartments for private rental.

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