Home REIT has exchanged on the sale of a further 103 properties, representing 4.8% of the portfolio by number, it revealed in a in a stock exchange filing today (24 January).
Gross proceeds for the sales were £6.6m representing 1.6% of the Company's portfolio by value, based on Jones Lang LaSalle's August 2023 draft valuation. The sale occurred at a public auction held on 23 January and are expected to complete on a month's time. Entire Home REIT board commits to step down on publication of results as chair Fennah replaced The gross proceeds from the sale were £0.6m (8.4%) below the draft August 2023 values, however Home REIT said, "positive and negative variations between the sales price and draft valuation are to be anticipated". So far this year, ...
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