Home REIT PLC Property Sales (6887A)
January 24 2024 - 1:00AM
UK Regulatory
TIDMHOME
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 GBP6.6m
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 GBP0.6m (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 HomeREIT@fticonsulting.com
Adviser) +44 (0)20 3727 1000
Dido Laurimore
Eve Kirmatzis
Oliver Harrison
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.
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END
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