Sigma scoops up two awards at the Insider Residential Property Awards!

Sigma, on behalf of The PRS REIT plc, is absolutely thrilled to have been awarded ‘Deal of The Year’ Award at 2018 the Insider Residential Property Awards. Oversubscribed at the IPO in May 2017, The PRS REIT plc raised £250m of equity, which has already been committed to delivering new homes for rent.

Investors include some of the UK’s leading institutions as well as a strong base of qualifying private investors, including: Aviva, AXA, Invesco, Henderson Global Investors, Aberdeen Simple Asset Management, Deutsche Bank, BlackRock and many more. Furthermore, the UK Government’s Homes England (Formerly HCA) is supporting the PRS REIT as a direct investor and subscribed for 9.99% (£25m) of the Issue.

Graham Barnet, CEO, Sigma comments ‘We were confident that the timing for The PRS REIT was right and so we were delighted to have this confirmed by its reception by both the investment market and leading industry publications alike. The PRS REIT is unique and its success really underwrites our contention that through the use of institutional investment it represents a ground breaking method for large scale housing delivery. It is this success which we will build on into 2018 as we embark on our 2nd fund raise targeting a further £250m of equity through the placing programme.’

As the evening drew to a close The PRS REIT plc’s win was quickly followed by a very welcomed surprise award, which saw Duncan Sutherland, regeneration director at Sigma win the ‘Property Personality of the Year’ award. Duncan has worked closely with local governments and has been instrumental in the company’s successful public/private regeneration partnerships. Alongside Duncan’s role as Secretary of State for Transport to the board of HS2 Ltd, Duncan has also been key to facilitating the development of The PRS REIT plc, particularly in driving support from Homes England and within the wider property and investment industries.

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