AEW Europe CEO Wilkinson: We are 'halfway through' Home REIT's stabilisation phase

Seven months as investment adviser

Home REIT’s portfolio stabilisation phase is “halfway through”, AEW Europe chief executive officer Rob Wilkinson has said, as the real estate giant eyes the next steps to turn around the fortunes of the embattled investment trust.

Seven months since the firm's UK subsidiary took over as the former FTSE 250 trust's new investment adviser and alternative investment fund manager, the CEO said he hopes Home REIT can get to a more stable footing before the end of this year. "If we carry on making progress, then we should have a good chance of, in the latter part of this year, being at a point where we can then say the debt is either refunded or refinanced and we have a stable basis to go forward," he told Investment Week. "Then obviously it is not really for us to decide, but it is a discussion with the board and wi...