Big Help Group surrenders 30% of its property portfolio to Home Reit
600 properties were handed over to Home Reit
600 properties were handed over to Home Reit
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Disposals will reduce the trust’s loan-to-value ratio by 2%
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Custodian board expects API to maintain its recommendation for all-share merger
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Creating a £3.9bn trust if approved
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£150m of costs will be cut across the business over two years
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The enlarged Custodian Property Reit will manage £1bn assets
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Merger set to create the UK’s fourth-largest REIT
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