RBS makes housing move with £1bn for PRS

摘要

The Royal Bank of Scotland has committed £lbn to support the development of thousands of private rented sector homes across the UK. A significant injection of cash into PRS could precipitate a glut of new schemes as developers look to take a slice of the burgeoning rental market. RBS said it had received increased demand from developers and operators looking to build and manage purpose-built rental schemes, amid a growing appetite from institutional investors looking to enter PRS. The bank is already supporting a number of PRS developers, including Essential Living for three of its developments in Maidenhead, Archway and Bethnal Green.