Two of Home REIT's largest tenants enter into voluntary liquidation

12.5% and 5.7% of annual rent roll

Lotus Sanctuary CIC and Gen Liv UK CIC, Home REIT tenants respectively comprising 12.5% and 5.7% of the £1.2bn trust's annual rent roll, have entered into a creditors' voluntary liquidation.

In a statement today (6 March), the company confirmed it is in discussions with prospective tenants to take on the leases of both Gen LIV and Lotus Sanctuary's portfolios.  As of 30 November 2022, Midlands-based Lotus Sanctuary, which entered into a creditors' voluntary liquidation on Thursday (2 March), provides 939 beds for vulnerable residents, predominantly women.  Gen Liv UK, based in the North West of England, holds 517 beds in its portfolio. Home REIT said the housing association has appointed FRP Advisory Trading Limited as liquidators. Home REIT 'reviewing options' as two ...