KCR Residential REIT PLC – Proposal to issue £3,100,000 of Ordinary Shares
KCR today announces that it intends to issue approximately £3.1 million worth of shares by way of an issue of Ordinary Shares.
KCR today announces that it intends to issue approximately £3.1 million worth of shares by way of an issue of Ordinary Shares.
KCR Residential REIT (KCR) is pleased to announce that it has completed the acquisition of the entire issued share capital of Karlind, a company that owns 16 studio, one-and-two bedroom apartments in Ladbroke Grove, Kensington and one leasehold two-bedroom apartment in Harrow, for a total consideration of £5.35 million. KCR will satisfy the consideration through its banking facilities and cash reserves.
KCR Residential REIT announces that it has established a strategic relationship the (“Agreement”), with Inland Homes (“Inland”), the leading brownfield regeneration specialist and housebuilder with a focus on the South and South-East of England, to support the delivery of high quality, low-to-mid-priced housing for rent.