Ground Rents Income Fund PLC CMA investigation into leasehold housing sector (5990Z)

TIDMGRIO

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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September 22, 2020 02:00 ET (06:00 GMT)

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