Home REIT sold a further 117 properties at a public auction yesterday (14 February) for a total of £5.6m.
The trust said it expects the exchanges to be completed within a month, as they represent around 1.4% by value of its portfolio. FCA opens investigation into Home REIT Home REIT noted the gross proceeds for the properties are £1.02m lower than the draft values in August 2023, representing a 15.5% drop. The money derived from the sale of the properties will be used to "reduce borrowings and provide working capital", it said in a stock exchange filing today (15 February). An additional property is expected to be entered into a public auction today. Earlier this week, the Financ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
