PRS REIT: ‘Number of interested parties’ regarding sale of trust
The board is in ‘active discussions’ about selling the trust with ‘a number of interested parties’
The board is in ‘active discussions’ about selling the trust with ‘a number of interested parties’
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Consolidation and falling interest rates could spell positive news for the sector
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Real estate sector has ‘mostly repriced’ following the end of cheap money
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Board considering options to reduce its ‘material discount’
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Deal with Japanese bank Sumitomo Mitsui increased by £37.5m
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Trust exposure will increase from 4% to 45% in an effort to improve liquidity
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Parties working out the terms of a potential all-share deal
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Defers redemptions in Property Life and Property Pension funds
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M&G and Canada Life have announced their intention to close UK property strategies in the last seven days
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Sector has been hit with waves of redemptions in recent years
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AUM has fallen to approximately £102m from £254m, leaving it ‘no longer commercially viable’
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