Macfarlanes has advised Venn Partners LLP, PRS Operations Limited and PRS Finance plc in their capacities as manager, licensee and issuer respectively in the establishment of a bond programme for the Private Rented Sector Housing Guarantee Scheme.

Asset manager Venn was appointed to establish and manage the scheme in December 2014 by the Secretary of State for the Department for Communities and Local Government.

Finance partner Richard Fletcher led the multi-disciplinary team from Macfarlanes on establishing the bond programme.  Tax partner Damien Crossley and senior counsel Hilary Barclay, corporate partner Graham Gibb, employment partner Hayley Robinson and competition partner Malcolm Walton were also involved in this matter.

Richard Fletcher comments: “Establishing the bond programme is a key element in the development of the PRS Housing Guarantee Scheme and called on expertise from across the firm.  We are very proud to have been involved from the very beginning at Venn’s appointment and look forward to continuing our support as the project moves ahead.”