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Beleaguered social housing investor Home REIT said it will soon begin a full clearout of its board as it scrambles to stabilise its rental income and sprawling property portfolio.
Scandal-stricken Home REIT is facing fresh calls for overhaul today after two tenants run by the same director collapsed into administration this year – with the future of a third still uncertain. Home REIT revealed earlier this month that Redemption CIC, a Wolverhampton-based social housing group that made up around nine per cent of its [...]
The City watchdog is under pressure to investigate scandal-hit social housing investor Home REIT on the grounds it repeatedly misled the market and left investors “badly burnt”, City A.M. can reveal.
Scandal stricken social housing investor Home REIT said it is looking to offload some properties today as it scrambles to raise cash and “stabilise” its portfolio ahead of the appointment of a new investment adviser. In a statement this morning, bosses said the former FTSE 250 firm “continues to explore all available options” as it [...]
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