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One of Home REIT’s non-paying tenants, Eden Safe Homes CIC, has surrendered its leases on 38 properties, the trust said in a stock exchange notice today (28 November).
Home REIT’s new investment manager AEW has completed lease surrenders and re-tenanting on 10% of the trust’s property portfolio.
Redemption Project CIC, Home REIT’s third largest tenant, has surrendered its leases on 146 properties.
Home REIT's second largest tenant, Supportive Homes CIC, is set to be dissolved as a company, according to Companies House filings.
Home REIT tenants Redemption Project CIC and Serenity Support CIC have entered into creditors' voluntary liquidations.