In a stock exchange notice today (2 August), the trust said the properties represented around 9% of its portfolio by value.
The gross proceeds were 8.1% below the draft valuation of August 2023, but Home REIT noted the majority of the properties sold “are below portfolio average lot size, which may cause a greater percentage variation when comparing sale price to the August draft valuation”.
Home REIT proposes managed wind-down as ‘strategy faces considerable challenges’
Over the last year, the trust had sold a total of 914 properties and exchanged on a further 287, with gross proc…
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