Home REIT PLC Tenant update (6346L)
07 September 2023 - 4:00PM
UK Regulatory
TIDMHOME
RNS Number : 6346L
Home REIT PLC
07 September 2023
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 HomeREIT@fticonsulting.com
Adviser) +44 (0)20 3727 1000
Dido Laurimore
Eve Kirmatzis
Ellie Perham-Marchant
Oliver Harrison
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
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END
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