Home REIT sells further 133 properties at 7.8% below draft values

Gross proceeds of £11.4m

Cristian Angeloni
clock • 1 min read

Home REIT has sold an additional 133 properties in its portfolio at a series of public auctions held between 19 and 20 June.

In a London Stock Exchange notice today (21 June), the trust said the gross proceeds from the sales totalled £11.4m – which represented 3.7% of Home's portfolio by value. The proceeds, however, were 7.8% below the draft values set out in August 2023. Since then, the trust completed the sale of 774 properties and exchanged on an additional 205, with gross proceeds of £137m, which in aggregate are in line with the August 2023 draft valuations, Home noted. Home REIT eyes further property sales to repay Scottish Widows loan The latest sales come after Home REIT failed to secure a new l...

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