Home REIT sells 117 properties at a public auction for €6.5m in total. The gross proceeds, which represent 1.4% of the company's portfolio, will be used to cut debt and provide working capital.
Earlier this week, the Financial Conduct Authority (FCA) launched an investigation into Home REIT, a beleaguered trust whose shares have been suspended for over a year. According to a notice published on the stock exchange on 13 February, the Home REIT board has been informed by the FCA that it has commenced an investigation into the trust, which will cover the period from 22 September 2020 to 3 January 2023.
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