Finance
British Real Estate Investor Prs Reit Plans to Sell Unit for $881.2 Million
Published by Global Banking & Finance Review®
Posted on September 17, 2025
2 min readLast updated: January 21, 2026
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PRS REIT plans to sell its holding company for $881.2 million to Waypoint Asset Management, boosting shares by 9%.
British real estate investor PRS REIT plans to sell unit for $881.2 million
(Reuters) - British real estate investment trust PRS REIT said on Wednesday it plans to sell PRS REIT Holding Company, which owns all its property assets, for about 646.2 million pounds ($881.2 million) to a fund advised by UK-based Waypoint Asset Management, sending its shares up 9%.
In addition to the proposed deal price, the REIT's shareholder's will receive a dividend of up to 1.1 pence per share for the first-quarter of fiscal 2026.
PRS, which focuses on family homes in the private rented sector, had launched a formal sale process following a strategic review that began last October after it replaced two board members, including its chair.
U.S. private equity firm KKR without making a formal offer joined the REIT's sale process earlier this month which already involved a 631.6 million pound bid from property investor Long Harbour.
However, PRS said on Wednesday it did not get any better offers compared to Waypoint's or proposals that don't depend on additional funding.
"Board believes that the proposed sale provides the greatest certainty and cash return to shareholders of any of the proposals received," it said in a statement.
Shares in the Manchester-headquartered REIT climbed 9% at 114 pence in morning trade and rose to the top of the FTSE midcap index .
After completing the divestiture, PRS will seek further shareholder approval for the voluntary liquidation of PRS REIT Plc.
($1 = 0.7334 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Rashmi Aich)
Key Takeaways
- •PRS REIT plans to sell its holding company for $881.2 million.
- •Waypoint Asset Management is the buyer of the unit.
- •Shareholders to receive a dividend of up to 1.1 pence per share.
- •The sale follows a strategic review and board changes.
- •Shares rose 9% following the announcement.
Frequently Asked Questions about British real estate investor PRS REIT plans to sell unit for $881.2 million
1What is the proposed sale price for PRS REIT's assets?
PRS REIT plans to sell its property assets for about 646.2 million pounds, which is approximately $881.2 million.
2What dividend will shareholders receive?
Shareholders will receive a dividend of up to 1.1 pence per share for the first quarter of fiscal 2026.
3Who are the bidders involved in the sale process?
U.S. private equity firm KKR joined the sale process, which also includes a bid from property investor Long Harbour for 631.6 million pounds.
4What is the future plan for PRS REIT after the sale?
After completing the divestiture, PRS will seek further shareholder approval for the voluntary liquidation of PRS REIT Plc.
5How did the market react to the news of the sale?
Shares in the Manchester-headquartered REIT climbed 9% to 114 pence in morning trade, placing it at the top of the FTSE midcap index.
