REG - Home REIT PLC - Tenant update

Home ReitAnnouncement

07/09/2023 07:00

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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 Adviser)  HomeREIT@fticonsulting.com

 Dido Laurimore                           +44 (0)20 3727 1000

 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
(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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