Real estate manager Long Harbour makes move on PRS REIT

Real estate manager Long Harbour makes move on PRS REIT

Long Harbour has secured financing to launch an estimated £700m takeover of a suburban housing investment trust which put itself up for sale earlier this year, Sky News learns.

PRS REIT receives cash proposal

PRS REIT’s board has said that it has received a proposed offer for the company from Long Harbour valuing it at 115p, or £631.6m. The company put itself up for sale earlier this year following a strategic review. This followed a requisition from a group of shareholders last year, which ended in the chairman Steve […]

Brookfield Asset Management Names New CEO Of Real Estate

Brookfield Asset Management has named a new leader of its real estate investment business that manages more than a quarter of a trillion dollars in assets.