Atrato Group lines up Home REIT bid as social housing chief departs

David Blakeborough to establish new REIT

Atrato Group is bidding to replace Alvarium as Home REIT’s investment adviser, but its social housing chief David Blakeborough is not part of the proposal, Investment Week understands.

Last week, Home REIT revealed six candidates had put in a bid to become its new investment adviser, since which Atrato Group has emerged as one of the candidates.  The firm, which manages the £1.1bn Supermarket Income REIT (SUPR) and £130m Atrato Onsite Energy (ROOF), announced plans in September to IPO a new social housing REIT  targeting £150m. However, the plans were aborted due to "market conditions".   Independent Living REIT was intended to offer specialised supported housing for adults with learning difficulties, mental health issues or physical disabilities, larger blocks of f...