Positive news for Sigma Capital and Vipera…and the shares respond
Sigma Capital confirms a well-supported £250m raise for the new PRS REIT, with UK Government contributing a meaningful slice and Vipera announces a positive contract win. Not surprisingly, shares in both companies have performed strongly over the past few weeks. Our latest Blog offers some thoughts..
The PRS REIT announced that it has successfully raised gross proceeds of £250m with the issue significantly oversubscribed. Clearly there is huge institutional interest in this offering, which extends to the UK Government whose Homes and Communities Agency (“HCA”) invested £25m, representing c. 9.99% of the Issue.
Investment Adviser to the PRS REIT is Sigma PRS Management Limited, a subsidiary of Sigma Capital Group, which has a…
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