Home REIT proposes managed wind-down as 'strategy faces considerable challenges'

‘Significant support for a realisation strategy’

Eve Maddock-Jones
clock • 3 min read

Home REIT has proposed shutting the trust's doors via a managed wind-down, after shareholders and advisers supported an end to the fund.

The trust, which is currently under investigation by the Financial Conduct Authority, said in a stock exchange notice today (16 July), that despite seeing "opportunity to add value to the portfolio at a property level, it has concluded that this strategy faces considerable challenges". These headwinds include "a high fixed corporate cost base, required due to the REIT structure" and due to "the issues" being dealt with by the trust at present. Four Home REIT properties uncovered as sophisticated cannabis grow operations As well as a regulatory investigation, some of the aforementio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot