Home REIT sells 65 more properties for £15.9m as total assets offloaded near 800

Over a third of August 2023 portfolio sold

Valeria Martinez
clock • 2 min read

Home REIT has sold a further 65 properties for £15.9m, taking the total number of properties either completed or exchanged for sale to 773, more than a third of the trust’s portfolio before the public auctions began.

In a stock exchange notice today (19 April), the trust said the properties are in line with JLL's August draft valuation, and represent 4.8% of its portfolio by value. The properties were sold at a public auction on 18 April. AEW UK Investment Management took over as Home REIT's new manager and alternative investment fund manager in August last year, after an internal investigation raised concerns about Alvarium's handling of the trust's property portfolio. AEW Europe CEO Wilkinson: We are 'halfway through' Home REIT's stabilisation phase As part of the new manager's plan to turn a...

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