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Home REIT PLC - London-based real estate firm, which invests in housing for homeless people - Says it has sold 153 properties, representing 6.5% of its portfolio, for £24.3 million at auction. Says completion of the sales is expected within a month. Says the properties sold were in poor condition, mostly vacant and would require significant expenditure to bring them to specification. Says the sale represents around 35% of the price the properties were purchased for. Adds that proceeds will be used to reduced borrowings and provide working capital. Current stock price: 38.05 pence each 12-month change: down 100%. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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