REG - Home REIT PLC - Surrender of leases

Home ReitAnnouncement

14/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240814:nRSN3311Aa&default-theme=true

RNS Number : 3311A  Home REIT PLC  14 August 2024

NOT 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

FOR IMMEDIATE RELEASE

 

14 August 2024

Home REIT plc

 

("Home REIT" or the "Company")

 

Surrender of leases

 

The Company announces that it has reached an agreement with Mansit Housing
CIC, a non-performing tenant, for the surrender of its leases on 68 properties
(the "Properties") which it rents from Home REIT, equating to c.4% of the
Company's portfolio by number of properties as at 31 July 2024.

 

The majority of the properties are occupied by private rented sector ("PRS")
tenants on Assured Shorthold Tenancies ("ASTs"). These ASTs will now transfer
to Home REIT, enabling the Company to directly collect the underlying income
from these properties, increasing rent collection and facilitating asset
management opportunities.

 

The Company will be appointing Property Managers to the surrendered
Properties, who will be responsible for the day-to-day management and rent
collection.

 

The party responsible for arranging the release of this announcement on behalf
of the Company is Apex Group.

 

 FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 FTI Consulting (Communications Adviser)  HomeREIT@fticonsulting.com

 Dido Laurimore                           +44 (0)20 3727 1000

 Eve Kirmatzis

 Oliver Harrison

 

The Company's LEI is: 213800A53AOVH3FCGG44.

 

For more information, please visit the Company's website: www.homereituk.com
(http://www.homereituk.com/)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRQKNBKFBKDDFD