CMA investigation into leasehold housing sector

RNS Number : 5990Z

Ground Rents Income Fund PLC

22 September 2020

 

Ground Rents Income Fund plc

Competition and Markets Authority investigation into the leasehold housing sector

Ground Rents Income Fund PLC ("the Company") notes the announcement published on 4 September 2020 by the Competition and Markets Authority ("CMA"), detailing its enforcement action against four leading housing developers as part of its ongoing investigation in relation to the sale of leasehold homes.

The CMA have also confirmed that, at this time in line with their prioritisation principles, it is not taking enforcement action against the Company or associated entities, nor the leases for which the Company or associated entities is now the freeholder.

The Company shall be closely monitoring these cases over the coming period and reviewing its position in the light of further developments.

Contacts:

Schroder Real Estate Investment Management James Agar / Matthew Riley	020 7658 6000
N+1 Singer (Broker) James Maxwell / Ben Farrow	020 7496 3000
Appleby Securities (Channel Islands) Limited (Sponsor) Andrew Weaver	01534 888 777
FTI Consulting Dido Laurimore / Richard Gotla / Meth Tanyanyiwa	020 3727 1000

 

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