Six candidates are bidding to become Home REIT’s investment adviser as the firm pays out £30m to its lender in order to reduce its debt.
In a stock market update, the embattled trust revealed six candidates were bidding to become the firm's investment adviser, but did not reveal the identity of the bidders. Home REIT nears loan covenant breach as rent collection faces further deterioration It expects to make an appointment "over the coming weeks" and asserted that any proposed changes to the investment policy would be put to shareholders when required. The statement added, the board of Home REIT "continues to explore all available options and is giving particular consideration to the potential sale in the near-term ...
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