Source - SMW
The PRS REIT launched a share issue to raise around £256m to fund the acquisition of new development sites.

New shares in the company would be issued at 102.5p each.

The raising follows the full commitment of proceeds raised in the company's £250m IPO in May.

'The proceeds from this placing will enable us to continue to deliver more high quality rental homes for middle-income families,' chairman Steve Smith said.

At 9:49am: (LON:PRSR) Prs Reit The Plc Ord 1p share price was -1.5p at 103.5p