REG - Home REIT PLC - Tenant Update

Home ReitAnnouncement

08/08/2024 07:00

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RNS Number : 6327Z  Home REIT PLC  08 August 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

 

8 August 2024

Home REIT plc

 

("Home REIT" or the "Company")

 

Tenant Update

The Company announces that One (Housing & Support) CIC, a tenant of 110
properties representing 7% of the Company's portfolio by number of properties
as at 31 July 2024, has entered into administration, with Evelyn Partners
acting as administrator.

The tenant is non-performing and has agreed to an administration process.
Myshon Limited, a specialist intensive housing manager with a specific focus
on specialist supported housing, supported housing and affordable housing,
will be appointed by the administrator to manage the handover of properties,
focused on minimising any potential disruption to underlying occupants and
support services, as well as facilitating collection of rent.

The Company and AEW will be working closely with the administrator and Myshon
Limited to arrange for the leases to be surrendered to Home REIT and re-let
once the handover has completed.

The party responsible for arranging the release of this announcement on behalf
of the Company is Apex Group.

 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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