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LONDON - Annington Limited plans to acquire approximately 300 single family homes in September, according to a press release statement issued Monday by Annington Funding plc.
The company entered an exclusivity agreement for the acquisition on August 1, as part of its strategy to expand its presence in the UK Private Rented Sector (PRS).
Following the disposal of its MQE portfolio and balance sheet restructuring, Annington reports it has £1.4 billion in cash reserves available for investments in UK residential assets. The company currently holds £400 million in existing assets.
Since the end of its fiscal year on March 31, Annington has invested or committed £87 million to improve over 500 properties received from the Ministry of Defence. These properties, not previously available in the private rental sector, are expected to be added to the company’s rental portfolio. Additionally, the company has secured planning permission for 111 properties that will be incorporated into its rental holdings.
"Annington has a near 30-year legacy and track record as a major investor and active manager of UK real estate," CEO Ian Rylatt said in the press release statement. "We play a critical role in addressing the UK’s housing crisis by investing in and refurbishing affordable properties across the UK."
The company indicated it is actively reviewing additional acquisition opportunities and expects to make further announcements about portfolio expansions in the future.
Annington Funding plc also announced that Annington Limited’s Financial Statements for the year ended March 31, 2025, are now available on the company’s website.
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