Home REIT offloads 101 properties for £18.5m

Home REIT offloads 101 properties for £18.5m

Home REIT has sold a further 101 properties for £18.5m, representing 6.6% of the company’s portfolio by value (based on JLL’s August 2023 draft valuation). 

The gross proceeds from the sale properties are 4.8% above the draft August 2023 values.

Since August 2023, the company has completed on the sale of 987 properties and exchanged on a further 315 properties.

The gross proceeds from properties sold and exchanged totals £181.2m, which in aggregate is in line with the August 2023 draft valuation.