Home REIT offloads a further 63 properties for £6.1m

Over a third of property portfolio sold

Valeria Martinez
clock • 2 min read

Home REIT has sold a further 63 properties at a public auction for £6.1m, taking the total number of properties exchanged for sale to 708.

In a stock exchange notice today (28 March), the trust said the gross proceeds represented 1.8% of its portfolio by value, based on Jones Lang LaSalle's (JLL) August 2023 draft valuation. The gross proceeds from the sales were 7.7% below the drafted August 2023 values. The majority of the properties sold are below portfolio average lot size, the trust said, noting that this may cause a "greater percentage variation" when comparing sale price to the August draft valuation. AEW Europe CEO Wilkinson: We are 'halfway through' Home REIT's stabilisation phase AEW UK Investment Management...

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