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PRS REIT moves up closing date of 250 million-share placement

Private rented sector-focused residential real estate investment trust PRS REIT Plc brought forward the closing date of its placement of up to 250 million new ordinary shares, citing strong support from investors during its roadshow and current market conditions.

The placing, launched Jan. 31, will now close at 4:30 p.m. on Feb. 19. It was originally slated to close March 1. The shares are priced at 102.5 pence apiece.

Proceeds from the offering will go toward acquiring private rental sites under development or newly completed.