TIDMPRSR
RNS Number : 2526T
PRS REIT PLC (The)
24 March 2021
24 March 2021
PRSR.L
The PRS REIT plc
("the Company" or "the PRS REIT")
Appointment of Non-executive Director
The PRS REIT, the closed-ended real estate investment trust that
invests in high-quality, new build, family homes in the private
rented sector ("PRS"), is pleased to announce the appointment of
Geeta Nanda, OBE, as a Non-executive Director, with immediate
effect.
Geeta has over 25 years' experience of working in the property
sector. She is Chief Executive Officer of Metropolitan Thames
Valley Housing Association ("MTVH"), having previously led its
creation in 2017 with the merger of Metropolitan Housing Trust and
Thames Valley Housing Association Ltd, where she was Chief
Executive Officer. At MTVH, Geeta is responsible for the management
of 60,000 homes, with 100,000 residents, and an ongoing new-build
programme. She also has significant experience of PRS, having
established 'Fizzy Living', the London PRS subsidiary of Thames
Valley Housing Association Ltd in 2012.
Geeta is an Advisory Board member of Cities Restart, the body
dedicated to helping cities reopen following COVID-19, and a Board
member of The National Housing Federation, the industry body
representing providers of housing. She is also Vice Chair and
Chair-elect of G15, the group of London's largest housing
associations.
She was previously a Non-executive Director of McCarthy &
Stone plc, the retirement communities developer and manager, from
2015 until its acquisition in early 2021, a Non-executive Director
of The St Mungo Community Housing Association, a charity that helps
the homeless, and Vice Chair of SCOPE, the national disability
charity.
Steve Smith, Chairman of The PRS REIT plc, commented:
"We are delighted to welcome Geeta to the Board of The PRS REIT
plc. She brings wide-ranging skills and experience, and a broad
understanding of the housing market, including build-to-rent. She
is widely respected for her work and has a strong track record of
success. Geeta will add further depth to the Board, and we look
forward to working with her as The PRS REIT plc continues to
grow."
There are no other matters in connection with this appointment
to be disclosed under section 9.6.13 R (1) to (6) of the FCA's
Listing Rules.
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o
Steve Smith, Non-executive Chairman KTZ Communications)
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet, Mike McGill
N+1 Singer Tel: 020 7496 3000
James Maxwell, James Moat, Sebastian Burke
Panmure Gordon (UK) Limited Tel: 020 7886 2500
Chloe Ponsonby (Corporate Broking), Alex Collins
(Corporate Finance)
G10 Capital Limited (part of the IQEQ Group Tel: 020 3745 2826
as AIFM)
Paul Turner
KTZ Communications
Katie Tzouliadis, Dan Mahoney
NOTES TO EDITORS
About The PRS REIT plc
www.theprsreit.com
The PRS REIT plc 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. The Company is investing
GBP0.9bn in a portfolio of high quality homes for private rental
across the regions, having raised a total of GBP500m (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 ("Sigma") is a PRS, 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. The Company 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.
Sigma has created an unrivalled PRS platform, which sources
sites and brings together construction resource to develop them,
enabling Sigma to deliver an integrated solution to partners. As
well as sourcing sites and managing all stages of the planning and
development process, Sigma also manages the rental of completed
homes through its award-winning rental brand, 'Simple Life'.
The Company's subsidiary, Sigma PRS Management Limited, is
Investment Adviser to The PRS REIT plc. In September 2020, the
Company launched a joint venture with EQT Real Estate, the real
estate platform of global investment firm EQT to establish a GBP1bn
portfolio of high quality, new-build homes for private rental in
Greater London.
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 operationally 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 Manager is G10 Capital Limited. Sigma PRS Management Ltd
is an appointed representative of G10 Capital Limited, which is
authorised and regulated by the Financial Conduct Authority
(FRN:648953).
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