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RNS Number : 6887A Home REIT PLC 24 January 2024
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
24 January 2024
Home REIT plc
("Home REIT" or the "Company")
Property Sales
The Company announces that at a public auction held on the 23 January 2024,
the Company has exchanged on the sale of a further 103 properties
(representing 4.8% of the portfolio by number) (the "Sale Properties"). Gross
proceeds for the sales were £6.6m representing 1.6% of the Company's
portfolio by value (based on JLL's August 2023 draft valuation), with
completion expected in approximately one month's time.
The gross proceeds from the Sale Properties are £0.6m (8.4%) below the draft
August 2023 values, however positive and negative variations between the sales
price and draft valuation are to be anticipated.
Sale proceeds will be used to reduce borrowings and provide working capital.
The person responsible for arranging the release of this announcement on
behalf of the Company is FTI Consulting.
FOR FURTHER INFORMATION, PLEASE CONTACT:
FTI Consulting (Communications Adviser) HomeREIT@fticonsulting.com
Dido Laurimore +44 (0)20 3727 1000
Eve Kirmatzis
Oliver Harrison
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's website: www.homereituk.com
(http://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.
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