Home REIT PLC - London-based real estate firm, which invests in housing for homeless people - Says rent collection including arrears represented 12% of rent invoiced in December. Adds that 81 properties were exchanged for GBP16.4 million in December, with completion expected in January. Also notes it is continuing to undertake a comprehensive review of its property portfolio. Read More
(Alliance News) - Shareholders of Home REIT PLC are demanding compensation for losses on their investments, law firm Harcus Parker said Wednesday. Read More
(Alliance News) - Shareholders of Home REIT PLC are demanding compensation for losses on their investments, law firm Harcus Parker said Wednesday. Read More
(Alliance News) - Home REIT PLC on Wednesday reported a decline in its portfolio valuation as the number of properties remained unchanged. Read More
(Alliance News) - Home REIT PLC on Tuesday said it reached an agreement with Eden Safe Homes CIC for the latter to surrender leases on properties. Read More
Home REIT PLC - London-based real estate firm, which invests in housing for homeless people - Says it has sold 153 properties, representing 6.5% of its portfolio, for GBP24.3 million at auction. Says completion of the sales is expected within a month. Says the properties sold were in poor condition, mostly vacant and would require significant expenditure to bring them to specification. Says the sale represents around 35% of the price the properties were purchased for. Adds that proceeds will be used to reduced borrowings and provide working capital. Read More
(Alliance News) - Home REIT PLC on Monday said it has sold a further 14 properties for GBP9.0 million pounds in the month of October. Read More
(Alliance News) - Home REIT PLC on Wednesday said it exchanged on the sale of 137 properties worth GBP22.8 million. Read More
(Alliance News) - Home REIT PLC on Friday said that Redemption Project CIC has agreed to surrender its leases on 146 properties, equating to around 6% of Home REIT's portfolio by number of properties. Read More
(Alliance News) - Home REIT PLC on Thursday said that Supportive Homes CIC, a tenant of 209 properties in the company's portfolio, has entered into voluntary liquidation. Read More
(Alliance News) - Home REIT PLC on Monday said its new investment manager is continuing to review all tenants and that property valuations and inspections, required to publish outstanding accounts and restore its shares, are still underway. Read More
(Alliance News) - Home REIT PLC on Wednesday said that One (Housing & Support) CIC has agreed to surrender its leases on 100 properties. Read More
(Alliance News) - Stocks in London were called higher on Friday, as investors await the latest US jobs report, the main event at the conclusion of a busy week of data and monetary policy decisions. Read More
(Alliance News) - Home REIT PLC on Friday said it has exchanged contracts to sell 40 properties for GBP4.8 million. Read More
(Alliance News) - Home REIT PLC on Wednesday explained that two of its tenants have entered into creditors' voluntary liquidation, allowing it the chance to re-tenant the properties or to carry out other asset management initiatives as soon as possible. Read More
(Alliance News) - Home REIT PLC on Tuesday said an internal investigation into its alleged wrongdoings showed a lack of transparency on behalf of its investment adviser, Alvarium Home REIT Advisors Ltd. Read More
(Alliance News) - Stock prices in London were expected to open flat on Tuesday, as UK and US markets return from a long bank holiday weekend. Read More
(Alliance News) - Troubled Home REIT PLC on Tuesday announced it has agreed for AEW UK Investment Management LLP to become its property adviser with immediate effect. Read More
Home REIT PLC - London-based property investment company - Believes progressing Bluestar Group Ltd's proposal at this time "is unlikely to maximise value for shareholders." Company was responding to statements from Bluestar on May 10 and 11. Does not intend to pursue a sale of the company at this time and says therefore this part of the review of strategic options announced in February is now concluded. Plans to appoint new investment adviser in order to stabilise the property portfolio and maximise value for shareholders. Accepts Bluestar retains the right to make a bid for the company. Read More