PIC completes £200m acquisition of build-to-rent development in Reading

Insurer expands build-to-rent portfolio with acquisition of Ebb & Flow development

Martin Richmond
clock • 1 min read
Aerial view of the downtown Reading (Credit: ahei on iStock)
Image:

Aerial view of the downtown Reading (Credit: ahei on iStock)

Pensions Insurance Corporation (PIC) has completed the £200m acquisition of a build-to-rent development in Reading.

The specialist insurer of defined benefit schemes said the acquisition of the Ebb & Flow development is one of the largest acquisitions of an operational build-to-rent asset outside of Central Lond...

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