Home REIT sells additional 117 properties for £5.6m

investmentweek.co.uk:

An additional property is expected to be entered into a public auction on 15 February.

The trust said it expects the exchanges to be completed within a month, as they represent around 1.4% by value of its portfolio.

FCA opens investigation into Home REIT

Home REIT noted the gross proceeds for the properties are £1.02m lower than the draft values in August 2023, representing a 15.5% drop.

The money derived from the sale of the properties will be used to «reduce borrowings and provide working capital», it said in a stock exchange filing today (15 February).

An additional property is expected to be entered into a public auction today.

Earlier this week, the Financial Conduct Authority commenced its investigation into the embattled trust, a year after Home REIT's shares were suspended.

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