Home REIT repays Scottish Widows loan
Final £28.6m payment was made this week
Home Reit
-
-
Home Reit reveals £475m loss in overdue annual results
Harcus Parker called the losses an ‘unjustifiable destruction of shareholder value’
-
Home REIT sells 200 properties in preparation for wind down
It raised £36.9m from the sales, representing 15% of the trust’s overall portfolio
-
Home REIT shareholders vote for investment policy change
Required to pursue a managed wind-down
-
Home Reit tenant surrenders leases on 68 properties
Mansit Housing CIC is tenant on 4% of the trust’s portfolio
-
Home Reit proposes wind-down amid debt repayment issues
Size of the trust may be too small for some investors once its £114.6m debt has been paid down, the board said
-
Home Reit loan fee rises to 7%
Lender Scottish Widows revised terms from 5% after Home Reit’s failure to secure refinancing
-
Home Reit to sell more properties after failure to refinance loan
Trust had total borrowings of £131.8m at the end of May
-
Home Reit tenant enters administration
Noble Tree Foundation is a tenant of 143 of the trust’s properties, making up 7% of its rent roll
-
Big Help Group surrenders 30% of its property portfolio to Home Reit
600 properties were handed over to Home Reit
-
Harcus Parker mulls legal action against Home Reit sister fund
Home Long Income fund launched in 2018, two years before Home Reit’s IPO
-
Home REIT: Rent collection to vary ‘month on month’ as legal action progresses
Rent collected in March amounted to 8% of the total rent invoiced to tenants
