Home REIT has completed the sale of the final four properties in its portfolio, generating gross proceeds of £809,777.
Following completion of the sales, the respective boards of Home REIT’s wholly-owned subsidiaries Home Holdings 1 Limited, Home Holdings 2 Limited, Home Holdings 3 Limited and Home Holdings 4 Limited, have met, approved and issued a statement of affairs and report to creditors of the subsidiaries.
It is anticipated that the company will pass a written resolution to appoint liquidators over the subsidiaries on or before 16 September 2026. The company previously indicated that its ability to make distributions to shareholders continues to be constrained whilst it faces potential group litigation or other claims.
Michael O’Donnell, non-executive chairman of Home REIT, said: “Now that all property sales have been completed, we are commencing the process of liquidating subsidiaries which moves the company closer to returning any capital to shareholders.”
