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...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot