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Place North West | PRS REIT completes £19m Salford deal


Dan Whelan
The £900m fund set up by Sigma Capital Group in 2017 has acquired 123 fully-let homes in Walkden from investor Blackrock Real Assets, taking the number of properties in its portfolio to 3,163. 
The newly acquired development, which will generate £1.16m of rent a year for the PRS REIT, was completed for Blackrock by Sigma Capital in June 2019. 
The homes, bought for £19m, are located on Holyoake Road in Walkden and comprise a mix of 63 three- and four-bedroom houses and 60 two-bedroom apartments, 
Sigma Capital has an additional 2,000 homes at different stages of development that are due to be completed next year. The pipeline homes would take the PRS REIT’s portfolio beyond 5,000 units with an estimated rental value of £50m a year once let.  ....

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