Private equity giant KKR’s interest in the UK property sector hasn’t been dimmed by losing out in the bid for healthcare property business Assura and appears to be weighing up a bid for PRS REIT to rival one tabled by investor Long Harbour.
In a formal note to the stock market today (8 September 2025) the PRS REIT said it takes press speculation seriously enough to say: “The Company confirms that Kohlberg Kravis Roberts & Co. L.P. (KKR), in its capacity as adviser to its affiliated investment funds and separately managed accounts KKR, is participating in the Company’s Strategic Review and Formal Sale Process.
“KKR has not made an offer for the Company and there can be no certainty that an offer will be made, nor as to the terms of any offer if made.”
PRS REIT also confirmed that London-based real estate investment management firm Long Harbour has not withdrawn its possible offer.
“The Company confirms that Long Harbour has not withdrawn its possible offer for the Company which was announced on 11 June 2025. This possible offer remains subject to financing and due diligence.”
Manchester based PRS REIT operates sites across the regions of England, with a focus on the main conurbations and largest employment centres outside London.
Development locations are typically selected for their ease of access to local amenities and transport infrastructure, as well as proximity to good quality primary schooling, a key factor for family occupiers.
Midday, the share price was 105.60 pence, valuing the business at a Market Capitalisation of £538,266,428.84.