4th Jun 2024 14:32
Home REIT PLC - London-based real estate company - Notes that Noble Tree Foundation Ltd, a tenant of 143 properties in its portfolio, enters into administration. Noble Tree, a "non-performing tenant," represents about 7% of rent demanded in April. Home REIT is working with AEW with the appointed administrator CBW Recovery LLP to arrange the surrender of Noble Tree's leases, and a handover of its tenancies. Underlying residents of the properties will not be impacted the by the surrender of the leases, Home REIT notes. Read More