PRS REIT appoints financial adviser for strategic review

PRS REIT announced the appointment of Singer Capital Markets Advisory as its financial adviser for a strategic review and formal sale process on Monday, following its initial announcement on 23 October.

The FTSE 250 real estate investment trust, which focuses on investing in newly-built family homes within the private rented sector, said it was undertaking the review to evaluate strategic options for the company.

It invited interested parties to submit expressions of interest via Singer Capital Markets.

Additionally, the board also encouraged shareholders to provide their views directly to ensure shareholder perspectives were considered as part of the review process.

At 1138 GMT, shares in PRS REIT were up 0.19% at 107.2p.

Reporting by Josh White for Sharecast.com.