Pretium Walks Away From UK Residential Deal Talks for Sigma

According to people who knew the issue, Tatiium has moved away from an agreement that would mark Britain’s entry into the only family rental houses market.

US Alternative Investment Manager Oxford Properties Group and Pinebridge Benson Elliot had discussed to buy Sigma Capital Group. According to Green Street News, which first reported the talks for the first time, the potential selling price was slightly more than £ 1 billion.

Following the turmoil of President Donald Trump’s April 2 tariff announcement, macro uncertainty and change rate movements are among the reasons for the collapse. Another person said the two sides would not agree on the price.

Representatives of Tabridge and Pinebridge Benson Elliot refrained from commenting. The Oxford Properties spokesman refused to comment, but added that the firm was “attached to Sigma’s investment in his investment and that he supports the exciting plans for growth”.

In 2012, former Goldman Sachs Group Inc. Established by his partner Don Mullen, Tab was an early corporate player in the United States’s only family rentals. According to the website, the management has an asset of $ 57.4 billion and has 94,000 single family rental units.

According to the data of Savills PLC, single family rentals grew popular among investors in the UK in the midst of a housing shortage and the sector attracted a record of £ 2.5 billion last year.

Sigma, roughly 1 billion £ 1 billion in the UK Rental houses to build a joint initiative with EQT EU in 2020.

Green Street News, as previously reported, was appointed to re -start the consultants Sigma’s capital base to replace EQT last year. During this process, he said that the other parties were interested in acquiring the job.

Sigma also manages PS REIT, which is thinking of a potential sales. Last month, a non -binding proposal announced that he had negotiated with Long Harbor, who offered 115 pen cash per share.

With the help of Fion li.

This article was created from an automatic news agency feeding without changing the text.