Business
Tenant Update
Tenant Update.
About this update from Home Reit Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n \n8 August 2024\nHome REIT plc\n \n(\"Home REIT\" or the \"Company\")\n \nTenant Update\nThe Company announces that One (Housing & Support) CIC, a tenant of 110 properties representing 7% of the Company's portfolio by number of properties as at 31 July 2024, has entered into administration, with Evelyn Partners acting as administrator.\nThe tenant is non-performing and has agreed to an administration process. Myshon Limited, a specialist intensive housing manager with a specific focus on specialist supported housing, supported housing and affordable housing, will be appointed by the administrator to manage the handover of properties, focused on minimising any potential disruption to underlying occupants and support services, as well as facilitating collection of rent.\nThe Company and AEW will be working closely with the administrator and Myshon Limited to arrange for the leases to be surrendered to Home REIT and re-let once the handover has completed.\nThe party responsible for arranging the release of this announcement on behalf of the Company is Apex Group.\n FOR FURTHER INFORMATION, PLEASE CONTACT:\n \n\n\n\n\nFTI Consulting (Communications Adviser)\nDido Laurimore\nEve Kirmatzis\nOliver Harrison\n\n\[email protected]\n+44 (0)20 3727 1000 \n\n\n\n\n \nThe Company's LEI is: 213800A53AOVH3FCGG44.\n \nFor more information, please visit the Company's website: www.homereituk.com\n \nInside Information\nThe information contained within this announcement is deemed by Home REIT to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n\n","length":4469,"tagName":"div"}]