‘Renting long-term is now the accepted norm for a large cohort of young professionals and new families, the Mill Residential REIT will provide good quality, private rented accommodation in attractive locations where there is a strong local demand.’
‘Finally, you can hold buy to let in your pension, here’s how.’
As the first UK mainstream residential REIT set to float on the stock exchange before Christmas, MRR has received significant press coverage from The Telegraph, The Times, and The Financial Times, among others.
The Mill Residential REIT’s key financial targets are:
- Initial Target Dividend – 3% dividend expected
- Initial Target Total Shareholder Return – 10% plus p.pa (dependent on premium to NAV [net asset value] being established in market)
- Under REIT rules 90% of rental profits are distributed every six months
Mill Group designed the REIT for investors wanting to gain exposure to the buy-to-let property market without taking on the risks and headaches of becoming landlords in a housing market where demand for quality, long-term rental property far exceeds the supply. The REIT also attracts shareholders looking for a tax-efficient, affordable and, once it’s listed, more liquid alternative to owning bricks and mortar.
For more details on what a REIT is, view our short guide below:
The REIT may also be a smart alternative to get some property in your pension, and Mill Group are targetting investors using their pension fund via SIPPs or ISAs. If you would like any further details on how you can invest, please email REIT@syndicateroom.com.
Closing soon; take a look to see if it’s ‘REIT up your street’ too!
Join us for another SyndicateRoom event
Following on from the success of our last event, join us for a evening to hear from Dr Andy Richards, one of the UK’s leading angel investors, and from our latest SyndicateRoom companies present, and network with like-minded members. Places are extremely limited, so reserve your place today. The event will be held in London, WIU 8EW, 18:00–21:00 on Tuesday 9 December.