Manchester-based PRS REIT plc, a billion pound closed-ended real estate investment trust that focuses on new homes in the private rented sector, said it is in talks with some unidentified parties about a sale of the company.

“The Board is currently in active discussions with a number of interested parties in relation to a potential sale of the Company and has made available a dataroom,” it said in a statement, without giving any further details. 

It said it would provide a further update to shareholders in the first quarter of next year. 

The company announced a strategic review and potential sale in October, after coming under attack from rebel shareholders.

On September 13, PRS REIT said non-executive chairman Stephen Smith would resign and two rebel shareholders — Robert Naylor and Christopher Mills — would join the board.