Appointment of Non-executive Director

RNS Number : 3224Z
PRS REIT PLC (The)
16 May 2019
 

16 May 2019

 

The PRS REIT plc

(the "Company" or "PRS REIT")

 

Appointment of Non-executive Director

 

The PRS REIT, the closed-ended real estate investment trust established to invest in new-build homes for the Private Rented Sector ("PRS"), is pleased to the appointment of Jim Prower as a Non-executive Director with effect from [today].

 

Jim, a qualified chartered accountant, has over 30 years of experience in senior financial roles.  For the major part of his career he was Group Finance Director at Argent Group PLC, the UK-based property developer and Finance Partner of Argent (Property Development) Services LLP and Argent Investments LLP, which specialise in mixed use developments with a focus on placemaking and regeneration. Jim was closely involved in major development and regeneration projects in Manchester, Birmingham and the City of London, including the King's Cross Central joint venture, which was one of Europe's largest regeneration projects. Prior to that, he was Group Finance Director at Creston Land & Estates, the private property developer, and at NOBO Group PLC, a leading European manufacturer of visual presentation products.

 

Jim is currently a Non-executive Director at Tritax Big Box REIT plc, Empiric Student Property plc and AEW UK Long Lease REIT plc.

 

 Steve Smith, Chairman of the PRS REIT, said:

 

"I am delighted to welcome Jim to the Board of the PRS REIT. Jim brings a wealth of experience in property development that will be of huge value to the Company as we move into the next stage of our development."

 

There are no disclosures required in respect of this appointment pursuant to paragraph 9.6.13 of the Listing Rules of the Financial Conduct Authority.

For further information, please contact:

 

The PRS REIT plc
Steve Smith, Non-executive Chairman

Tel: 020 3178 6378 (c/o KTZ Communications)



Sigma PRS Management Limited
Graham Barnet
Graeme Hogg

Tel: 0333 999 9926

 

 

N+1 Singer 
James Maxwell, James Moat, Ben Farrow

Tel: 020 7496 3000

 

 

 

Stifel
Mark Young, Neil Winward, Gaudi Le Roux

Tel: 020 7710 7600

 

 

G10 Capital Limited (AIFM)

Gerhard Grueter, Anthony Wood, Gaia Udage

Tel: 020 3696 1302

 

 

KTZ Communications

Katie Tzouliadis, Dan Mahoney

Tel: 020 3178 6378

 

 

 

NOTES TO EDITORS

 

About The PRS REIT plc
(www.theprsreit.com)

The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth.  It has raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.  

LEI: 21380037Q91HU97WZX58

 

About Sigma Capital Group plc
(www.sigmacapital.co.uk)

Sigma Capital Group plc is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors.  Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.

 

About Sigma PRS Management Limited

Sigma PRS Management Limited is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc and is Investment Adviser to The PRS REIT plc. It sources investments and manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The Investment Adviser is an appointed representative (reference number: 776293) of the AIFM.

 


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