Home REIT will bring legal proceedings against “those parties it considers are responsible for wrongdoing”, after it was placed under investigation by the Financial Conduct Authority.
In a stock exchange notice today (5 March), the trust said it will "cooperate fully with the FCA and its work". FCA opens investigation into Home REIT The trust added that, over the course of February, it repaid £13.7m of debt to its lender - comprising £11.7m in cash and net break gains of £2m - bringing its total borrowings down to £149.1m. It also sold 119 properties at auctions for a total of £5.7m, with completion expected this month. An additional 82 internal property inspections were completed in February, bringing the total to 1,904, with the inspection programme expecte...
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