Four Home REIT properties uncovered as sophisticated cannabis grow operations

Houses have since been auctioned

Four properties owned by beleaguered investment trust Home REIT were utilised to grow cannabis in sophisticated operations across Derby and Scarborough, an Investment Week investigation has found.

The largest of the four properties is a 4,833 square foot semi-detached Victorian house set over four storeys, with more than 13 rooms, overlooking a cricket ground in the English seaside town of Scarborough in North Yorkshire. According to documents reviewed by Investment Week, Home REIT paid £725,000 for this property in October 2021. The seller was Liverpool-based developer Pathway Homes Group, which paid £420,000 for it in the same month, Land Registry documents show. 'The circle is collapsing': How a demolished house in Lancashire uncovered Home REIT's broken business model Al...