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Home REIT PLC - London-based real estate company - Notes that Noble Tree Foundation Ltd, a tenant of 143 properties in its portfolio, enters into administration. Noble Tree, a ‘non-performing tenant,’ represents about 7% of rent demanded in April. Home REIT is working with AEW with the appointed administrator CBW Recovery LLP to arrange the surrender of Noble Tree’s leases, and a handover of its tenancies. Underlying residents of the properties will not be impacted the by the surrender of the leases, Home REIT notes. Current stock price: 38.05 pence 12-month change: down 96% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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