Home REIT set to pay off Scottish Widows debt in step toward closure Property Scandal-hit homeless housing investor Home REIT said it was on the cusp of paying off its debts to Scottish Widows this morning after offloading swathes of its property portfolio at cut prices this year. In an update to the market today, the former FTSE 250 firm said it had sold another 11 per cent of [...]
Social housing trust taken over by Home REIT’s sister fund manager Investing The board of Triple Point Social Housing REIT has replaced its investment manager with a fund house brought in to save the scandal-hit sister fund of Home REIT. In July, City AM revealed that fund house Atrato had been drafted in to drive a turnaround plan at Home Long Income Fund, which was set up [...]
Home REIT: Beleaguered trust targets lifting of trading ban Investing Home REIT has laid out its plan to apply to the Financial Conduct Authority to restore the trading of its shares, as the beleaguered trust’s chair admitted facing “very significant challenges”. The trust was launched with the intention of providing social housing to the homeless, but has been pummelled with multiple scandals over the last [...]
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.
Home REIT starts suing its own tenants as shareholders and regulators circle May 7, 2024 The former FTSE 250 investor said it had collected £300,000 of its total rent in April, just 11 per cent of the total billed amount for the month.
Home REIT: Serious Fraud Office probing whether fund managers misled the market March 20, 2024 The Serious Fraud Office has opened inquiries into the scandal-hit social housing firm Home REIT and is probing whether its former fund managers misled the market, City A.M. has learned.
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 [...]
Home REIT tenant facing regulatory probe over ‘unauthorised’ payouts for bosses February 5, 2024 The charity regulator has launched a probe into one of Home REIT’s top tenants amid concerns over “potential unauthorised” payments pocketed by the charity’s trustees.
Home REIT to publish long-delayed accounts despite struggling to access houses February 5, 2024 Home REIT is set to publish its long-delayed accounts in the second quarter of the year despite still struggling to access scores of properties in its portfolio, the firm announced today.
Home REIT: Fennah heads for the exit with trail of destruction in her wake January 19, 2024 Home REIT chair Lynne Fennah announced yesterday she's finally heading for the exit - Charlie Conchie looks at why shareholders are saying it's about time.