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Investegate announcements from Final Results

Redemption Project CIC, Home REIT’s third largest tenant, has surrendered its leases on 146 properties.

A child plays outside the gates of a hotel used as temporary accommodation for families waiting for their asylum claims to be processed, in west London, February 16, 2021 © 2021 Justin Tallis/AFP via Getty Images Map UK CRD Map Summary The United Kingdom has historically provided housing support to people seeking asylum who arrive in the country and are not immediately able to provide for their own basic needs. In recent years this system has increasingly been plagued by serious deficiencies, in

The 100-page report, “‘I Felt So Stuck’: Inadequate Housing and Social Support for Families Seeking Asylum in the United Kingdom,” found that families seeking asylum face inhumane conditions in temporary housing, including rat infestation and mould. The families experience daily struggles to get food their children will eat, as well as mental and physical health problems and serious disruptions to their children’s education.

Home REIT said the surrender agreement would give it a 'substantial income stream from a strong tenant covenant'.