Last checked at 7 Sep 2023 07:00
07 September 2023
Home REIT plc
("Home REIT" or the "Company")
Tenant update
The Company announces that Supportive Homes CIC, a tenant of 209 properties in the Company's portfolio representing 11.3% of rent demanded in August 2023, has today entered into creditors' voluntary liquidation, with FRP Advisory Trading Limited appointed as liquidator.
The tenant is non-performing and the creditor's voluntary liquidation unlocks the ability for the Company to re-tenant properties or carry out other asset management initiatives as soon as possible. Furthermore, discussions with other prospective tenants to take on new leases on the properties have already commenced.
It should be noted that whilst discussions with prospective tenants are ongoing, the Company is working with the liquidator to ensure a smooth handover focused on minimising any potential disruption to any underlying occupants and support services in place.
Further updates will be provided in due course.
FOR FURTHER INFORMATION, PLEASE CONTACT:
FTI Consulting (Communications Adviser) Dido Laurimore Eve Kirmatzis Ellie Perham-Marchant Oliver Harrison | HomeREIT@fticonsulting.com +44 (0)20 3727 1000 |
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's website: www.homereituk.com
Inside Information
The information contained within this announcement is deemed by Home REIT to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.