- Private rented sector home investor PRS REIT said it had approved a further £200m of debt facilities with Scottish Widows and Lloyds Bank.

The facilities were negotiated by the company's investment adviser, Sigma PRS Management.

The brought the total gross balance of deployable funds available to the company to £900m.

'These funds are already fully committed to development sites that, once finished, are expected to create a portfolio of around 5,600 high quality new rental homes,' PRS REIT said.

Sigma Capital Group subsidiary Sigma PRS Management secured the further debt facilities on behalf of PRS REIT in its role as investment adviser.

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