‘Hoodwinked from IPO onwards’: Home REIT shareholders round on scandal-hit investor over wind-down plans Property Home REIT shareholders have rounded on the firm and its investment manager today after the scandal-hit social housing investor revealed plans to wind down in the coming months.
Scandal-hit Home REIT set to wind down Home REIT Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.
Home REIT refinancing talks fall apart in blow to scandal-hit housing fund markets Home REIT’s efforts to renegotiate the terms of its £130m debt pile have fallen apart in a blow to the embattled social housing fund as it scrambles for stability after a string of scandals.
Bosses at Home REIT charity tenant paid their own firms £1.2m prior to collapse June 5, 2024 Two bosses from one of Home REIT’s biggest charity tenants made “unauthorised” payments of nearly £1.2m to their own companies before it collapsed into administration, City A.M. can reveal.
Home REIT tenant surrenders hundreds of properties after regulatory probe May 29, 2024 Scandal-hit property investor Home REIT has struck a deal to claw back hundreds of leases from a major tenant facing a probe from the charities watchdog.
Law firm mulls legal claim against Home REIT sister fund April 25, 2024 A law firm is considering bringing a legal claim against a Home REIT sister fund, which has collapsed in value and is being investigated by the Financial Conduct Authority (FCA), City A.M. has learned.
M&S pension scheme faces hefty losses as FCA probes Home REIT sister fund April 24, 2024 The M&S pension scheme is facing huge potential losses after pumping cash into a Home REIT sister fund that is now under investigation by the Financial Conduct Authority (FCA), City A.M. can reveal.
Who is Tom Dawes? The Home REIT mystery man that profited from property deals April 11, 2024 Home REIT has been mired in scandal for over a year. For the first time, City A.M. can reveal the existence of a previously undisclosed businessman in the middle of a string of its property deals
Home REIT: FCA launches investigation into troubled housing investor February 13, 2024 The Financial Conduct Authority has opened an investigation into the beleaguered housing investor Home REIT. In a stock exchange notice today, Home REIT said it had been notified of an investigation into it from the FCA, covering the period between 22 September 2020 to 3 January 2023. “Naturally, the company will cooperate fully with the [...]