Gatehouse has committed to provide equity to fund a £1bn PRS portfolio over the next 5 years. A second phase of development is being secured to be followed by an equity facility which can be drawn down to fund the pipeline. This is transformational for Sigma. It provides increased visibility of funding and drives attractive, growing returns in the medium term. We make significant upward revisions to forecasts and, for the first time, include impact of on-balance sheet investment in PRS homes.
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£1bn PRS homes to be funded by Gatehouse equity
- Published:
03 Jun 2015 -
Author:
Andrew Watson -
Pages:
7
Gatehouse has committed to provide equity to fund a £1bn PRS portfolio over the next 5 years. A second phase of development is being secured to be followed by an equity facility which can be drawn down to fund the pipeline. This is transformational for Sigma. It provides increased visibility of funding and drives attractive, growing returns in the medium term. We make significant upward revisions to forecasts and, for the first time, include impact of on-balance sheet investment in PRS homes.