Home REIT has exchanged on the disposal of 706 properties to Patron Capital for £123m.
Completion of the deal, which represents the majority of Home REIT’s portfolio of assets, will be no later than 1 April 2026.
The disposal follows an extensive process undertaken by Home REIT and its advisers which commenced in Q4 2024 with non-binding offers for the portfolio received in February 2025.
The remaining properties in the company’s portfolio were valued at £17.35m as at 31 August 2025, and the sales process in relation to the majority of these properties is expected to conclude in H1 2026.
Michael O’Donnell, non-executive chair of Home REIT, said: “The board is committed to securing the best possible result for shareholders, and after an exhaustive process, we are pleased to have exchanged on a transaction which we believe is in their best interests. For the company as a whole there remain further hurdles to cross, however, the transaction represents an important milestone.”
