PRS REIT Plc (GB:PRSR) has released an update.
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PRS REIT Plc has negotiated new terms for its Investment Advisory and Development Management Agreements with Sigma PRS Management Ltd, achieving immediate cost savings of approximately £0.46 million annually. The revised agreements extend the partnership until 2029 and introduce lower fee rates that promise to enhance shareholder value and support the company’s growth strategy. PRS REIT Plc’s portfolio, managed by Sigma’s award-winning ‘Simple Life’ brand, is poised for further success in the under-supplied UK family rental home market.
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