Law firm Harcus Parker has called on Home REIT to explain the “nature of the engagement” between potential purchaser Bluestar and former manager of the trust Alvarium.
Jennifer Morrissey, partner at Harcus Parker, which is seeking compensation from the investment trust for a group of shareholders for significant losses on their investments, called on Home REIT to provide a "comprehensive and transparent update" to address the link between the firms. Last week, several reports highlighted that Bluestar CEO Ben Gotlieb had previously worked for Alvarium and his former employer owned a large stake in a subsidiary of his new firm. A stock exchange announcement said the link was in the process of being severed. Home REIT mulls sale as rent payments colla...
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