PRS REIT Still Considering Sale Options

Dow Jones

2025/07/21

By Najat Kantouar

PRS REIT said it would continue to assess available options over a potential sale of the company after completing its consultation process with shareholders.

The real-estate investment trust said Monday that it has now completed its consultation process with shareholders and will continue to move forward with its formal sale process, while engaging with potentially interested parties.

PRS REIT said it would continue talks with real-estate investment-management firm Long Harbour, which last month made a nonbinding 631.6 million pound ($846.9 million) takeover proposal for the company.

The proposal, which was offering 115 pence in cash for each share PRS held, remains subject to completion of due diligence and financing, it said.

PRS said that there is no certainty any deal will be made and that it will continue to evaluate other available options.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

July 21, 2025 02:52 ET (06:52 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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