- Private-rented sector home investor PRS REIT said it had achieved an initial target of committing £900m of funding to new homes in its second quarter through December.

The company also announced that its number of homes completed as at 31 December had increased to 775, up from 595 at the end of September.

Annualised rental income had risen to around £7.0m , up from £5.7m at the end of September.

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