PRS REIT welcomes Jim Prower to its Board as Non-Executive Director

– UK, Manchester – The PRS REIT Plc (LON: PRSR), the closed-ended real estate investment trust established to invest in new-build homes for the Private Rented Sector, today announced the appointment of Jim Prower as a Non-executive Director with effect from today.

Steve Smith, Chairman of the PRS REIT, said: “I am delighted to welcome Jim to the Board of the PRS REIT. Jim brings a wealth of experience in property development that will be of huge value to the Company as we move into the next stage of our development.”

About Jim Prower

Jim, a qualified chartered accountant, has over 30 years of experience in senior financial roles. For the major part of his career, he was Group Finance Director at Argent Group PLC, the UK-based property developer and Finance Partner of Argent Services LLP and Argent Investments LLP, which specialise in mixed-use developments with a focus on placemaking and regeneration. Jim was closely involved in major development and regeneration projects in Manchester, Birmingham and the City of London, including the King’s Cross Central joint venture, which was one of Europe’s largest regeneration projects. Prior to that, he was Group Finance Director at Creston Land & Estates, the private property developer, and at NOBO Group PLC, a leading European manufacturer of visual presentation products.

Jim is currently a Non-executive Director at Tritax Big Box REIT plc, Empiric Student Property plc, and AEW UK Long Lease REIT plc.

About The PRS REIT plc

The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It has raised a total of £500m through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government’s Homes England with direct investments.

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