- Title:
CMA investigation into leasehold housing sector - Time:
07:00:06 - Date:
22 Sept 2020 - Category:
Miscellaneous - ID:
5990Z
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 |
CMA investigation into leasehold housing sector07:00:0622 Sept 2020Miscellaneous5990Z