The PRS REIT plc acquired PRS Development Site in Handsworth, Birmingham from Sigma Capital Group plc for £5.9 million.

The PRS REIT plc is a United Kingdom-based closed-ended real estate investment trust established to invest in the private rented sector (PRS) and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It utilizes the Investment Adviser's PRS property delivery and management platform (the Sigma PRS Platform). The Company’s portfolio of homes is targeted at the family market, which is the largest segment within the PRS. The Company has concentrated on traditional housing, with broad appeal across the demand spectrum, and its portfolio comprises differing house types, built to standardized specifications. They cater for different life stages, including smaller houses for young couples and retirees, and larger houses for growing families. The Company has also invested in some low-rise flats in appropriate locations to broaden its rental offering. The Company's Investment Adviser is Sigma PRS Management Ltd.