30th Aug 2024 22:01
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.
Home REIT shares have been suspended since January 2023, after the company failed to publish its annual report.
By Tom Budszus, Alliance News slot editor
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