Home REIT sells further 76 properties for £14.6m

12.4% below draft values

Cristian Angeloni
clock • 1 min read

Home REIT has sold an additional 76 properties at a public auction held on Thursday (9 May), with gross proceeds totalling £14.6m.

In a stock exchange notice today (10 May), the trust said the sales represent 4.5% of its portfolio by value, based on  Jones Lang LaSalle's (JLL) draft valuation in August 2023. The £14.6m from the sales is also 12.4% below the August 2023 values, Home noted. Harcus Parker weighs legal action against Home REIT sister fund amid FCA probe The latest sales bring the total number of portfolio properties sold to 585, with a further 262 properties having been exchanged on. The total gross proceeds since the sales began in August last year now stands at £125.8m which, in aggregate, an...

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