Prupim buys £105m residential property portfolio

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Prupim, M&G's real estate investment management arm, has agreed to buy a £105.4m residential portfolio from Berkeley Group Holdings, marking a significant foray into UK rented housing by an institutional investor.

The 534 private rental houses - located in 13 areas across Greater London, the south east and southern England - are expected to be completed in June, with construction partially funded by the Home...

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