Home REIT has exchanged on the sale of an additional 101 properties, with gross proceeds from the sales totalling £18.5m.
In a stock exchange notice today (30 August), the trust said the sales took place at a series of public auctions on Thursday (29 August), and they represent 6.6% of its property portfolio by value, according to the August 2023 draft valuation by JLL. The gross proceeds also represented a 4.8% premium from last year's draft valuation, it noted. Home REIT sets 16 September date for general meeting to approve managed wind-down Over the last 12 months, Home has completed on the sale of 987 properties and exchanged on a further 315, with gross proceeds amounting to £181.2m, in line with...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
