Sigma Capital Group PLC - Residential development company with offices in Manchester, London and Edinburgh - Says 2,900 units - at varying stages in delivery process - are underway for property investor PRS REIT PLC. Rent collection for the properties managed for PRS REIT has remained resilient with a 97% collection rate in May. Demand is high with reservations rising weekly since the beginning of May and in June, and averaging 75 per week. Says build-to-rent activities in London progressing steadily. Adds it currently has two development sites underway with a combined gross development cost of GBP43.0 million at Beam Park in Dagenham and Fresh Wharf, Barking.
Current stock price: 87.85 pence
Year-to-date change: down 21%
By Ife Taiwo; ifetaiwo@alliancenews.com
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