Prestige Wealth Inc. shares fall 1.45% after-hours following £127.5 million loan for Birmingham residential development.

Prestige Wealth Inc. declined 1.45% in after-hours trading. The company's strategic partners, Court Collaboration and Select Property, announced a £127.5 million loan from Eldridge Real Estate Credit for the construction of a 581-apartment scheme in Birmingham. This funding is one of the largest announced this year for a residential development, indicating a significant investment in the project.