PRS REIT PLC (The) - Update re Strategic Review and Formal Sale Process

PRS Reit

21/07/2025 07:00

RNS Number : 8260R

PRS REIT PLC (The)

21 July 2025

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

  

PRSR.L

The PRS REIT plc

 ("PRS REIT" or the "Company")

 

                                              Update Regarding Strategic Review and Formal Sale Process

 

Further to the Company's announcement on 30 June 2025, the Board of The PRS REIT plc provides the below update on the Company's strategic review ("Strategic Review") and formal sale process ("Formal Sale Process").

 

The Company has now completed its consultation process with shareholders regarding the options available under the Strategic Review and Formal Sale Process.

 

Based on the feedback received from shareholders, the Company will continue to progress with its Formal Sale Process and engage with potentially interested parties including discussions with Long Harbour, on its non-binding proposal for the acquisition of the Company ("Long Harbour Proposal"), which remains subject to completion of due diligence and financing. Whilst the Formal Sale Process is ongoing, there can be no certainty that an offer will be made, nor as to the terms of any offer if made.

 

The Company will also continue to evaluate other options available to it pursuant to the wider Strategic Review.

 

Further updates will be made in due course. This statement is being made by PRS REIT without the consent of Long Harbour.

 

For further information, please contact:

 

The PRS REIT plcGeeta Nanda, Non-Executive Director Chairwoman
Tel: 020 7496 3000 (c/o Singer Capital Markets)
Singer Capital Markets
 James Moat, James Maxwell, Asha Chotai
Tel: 020 7496 3000
G10 Capital Limited (AIFM and part of IQ-EQ group)
Maria Baldwin
Tel: 0207 397 5450
KTZ Communications
Katie Tzouliadis, Robert Morton
Tel: 020 3178 6378

 

NOTES TO EDITORS

 

About The PRS REIT plc www.theprsreit.co.uk  

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has   supported the Company with direct investments. The Company is listed on the Closed-ended investment funds category of the FCA's Official List and its Ordinary Shares are traded on the London Stock Exchange's Main Market. It is a constituent of the FTSE 250 Index. With 5,443 new rental homes as at 31 March 2025, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK. 

 

LEI: 21380037Q91HU97WZX58

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