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Ground Rents Inc Fnd (GRIO)

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Tuesday 22 September, 2020

Ground Rents Inc Fnd

CMA investigation into leasehold housing sector

RNS Number : 5990Z
Ground Rents Income Fund PLC
22 September 2020
 

Ground Rents Income Fund plc

Competition and Markets Authority investigation into the leasehold housing sector

Ground Rents Income Fund PLC ("the Company") notes the announcement published on 4 September 2020 by the Competition and Markets Authority ("CMA"), detailing its enforcement action against four leading housing developers as part of its ongoing investigation in relation to the sale of leasehold homes.

The CMA have also confirmed that, at this time in line with their prioritisation principles, it is not taking enforcement action against the Company or associated entities, nor the leases for which the Company or associated entities is now the freeholder.

The Company shall be closely monitoring these cases over the coming period and reviewing its position in the light of further developments.

Contacts:

 

Schroder Real Estate Investment Management

James Agar / Matthew Riley

 

 

020 7658 6000

N+1 Singer (Broker)

James Maxwell / Ben Farrow

020 7496 3000

Appleby Securities (Channel Islands) Limited (Sponsor)

Andrew Weaver

01534 888 777

FTI Consulting

Dido Laurimore / Richard Gotla / Meth Tanyanyiwa

020 3727 1000

 

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