PRS REIT purchases four new North West resi sites for £68m


Private rented sector specialist PRS REIT has acquired four new sites across the North West with plans to deliver 464 new family rental homes for a gross development cost of £68.2m.

In the larger deal, the REIT has acquired development sites in Walkden, Salford and Knowsley, Merseyside at which it will now begin development of 240 homes with completion expected in the first half of 2020. Countryside has been appointed as construction partner on the sites with Sigma, the REIT’s investment advisor, managing both schemes.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue