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Home REIT PLC on Friday said that Redemption Project CIC has agreed to surrender its leases on 146 properties, equating to around 6% of Home REIT's portfolio by number of properties. London-based...
Home REIT has started a succession process for its board of directors, with a senior independent director expected to be appointed in coming weeks.
Home REIT's second largest tenant, Supportive Homes CIC, is set to be dissolved as a company, according to Companies House filings.
Redemption Project CIC, which rented 152 properties and represented 11% of its rent bill for June, has entered voluntary liquidation.
Home REIT tenants Redemption Project CIC and Serenity Support CIC have entered into creditors' voluntary liquidations.