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)
Dido Laurimore
Eve Kirmatzis
Oliver Harrison
|
HomeREIT@fticonsulting.com
+44 (0)20
3727 1000
|
The Company's LEI is:
213800A53AOVH3FCGG44.
For more information, please visit
the Company's website: 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.