(Alliance News) - Home REIT PLC on Thursday confirmed it has struck an exclusivity agreement with London-based real estate investment firm Patron Capital Partners to sell the majority of its assets. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Home REIT PLC on Thursday gave an update on rent collection as its managed wind down progresses. Read More
(Alliance News) - Home REIT PLC on Tuesday updated its results publication timeline and noted the surrender of 171 portfolio properties, amid wind-down proceedings. Read More
Home REIT PLC - London-based real estate investment trust, which invests in UK social housing - Sells a further 152 properties for GBP26.8 million, representing 11% of the company's portfolio value. Proceeds will be used to fully repay its outstanding Scottish Widows Ltd loan by the end of the calendar year, which amounted to GBP72.0 million in September. Home REIT has sold 1,229 properties since August 2023 and exchanged a further 415 properties, for a total of GBP243.3 million. Read More
(Alliance News) - Home REIT PLC on Monday provided what it said is its last monthly update, as it is now in managed wind down, having reported results for financial year 2022 only last week. Read More
Home REIT PLC - London-based real estate company, which invests in social housing across the UK - At a series of public auctions held on Thursday, sells 101 properties for gross proceeds of GBP18.5 million, representing about 6.6% of Home REIT's portfolio by value. Sale proceeds will be used to reduce borrowings and provide working capital, the company says. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Home REIT PLC on Friday announced the sale of properties as part of its ongoing efforts to reduce company debt. Read More
Home REIT PLC - London-based real estate company focusing on housing for the homeless - Proposes managed wind down as is unable to pay existing debts owed to Scottish Widows Ltd by December 31. Total debt is set to stand at GBP90.1 million, following a GBP24.5 million payment, which is pending amid planned property sales. Company says there exists considerable shareholder interest to wind down. Intends to publish circular in the coming weeks to convene a general meeting. Says although the company needs to realise certain property assets quickly in order to pay off debts, it intends to add value to properties during the wind down and sell remaining properties at a time which will generate the most shareholder value and reduce disruption to tenants. Says distributions to shareholders will be constrained as it faces potential litigation due to investor losses and a Financial Conduct Authority investigation. Will update shareholders on timing of share capital returns in due course. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Home REIT PLC on Friday announced the sale of properties as part of its ongoing efforts to reduce company debt. Read More
(Alliance News) - Home REIT PLC on Monday said it will seek alternative funding sources after it failed to secure a refinancing of an existing loan. Read More
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
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More