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(Alliance News) - Home REIT PLC on Thursday said it plans to bring legal action against its former investment fund manager.
Home REIT is a London-based real estate company, which focuses on investing in accommodation for homeless people.
On Thursday, Home REIT issued a "comprehensive response" to a pre-action letter of claim received from Harcus Parker Ltd.
The letter of claim alleges that the company provided information to investors which was "false, untrue and/or misleading."
"The company intends vigorously to defend itself in respect of the threatened litigation and has denied the allegations made against it," Home REIT said.
It also it plans to bring legal proceedings against parties it considers responsible for wrongdoing. It has therefore issued pre-action letters of claim to Alvarium Fund Managers (UK) Ltd, its former alternative investment fund manager, and AlTi RE Ltd, its former investment adviser's appointed representative.
Shares in Home REIT are currently suspended from trading in London.
By Sophie Rose, Alliance News senior reporter
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