Response to press speculation
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
13 November 2025
Home REIT plc
("HOME" or the "Company")
Response to press speculation
The Board of Home REIT notes the recent press speculation concerning the Company's portfolio sales process and confirms that the Company has entered into an exclusivity agreement with Patron Capital in respect of the disposal of the majority of the Company's portfolio of assets.
In addition, the Board notes the speculation concerning the indicative terms of the proposed disposal. Although the terms of the disposal are not yet finalised, the Company confirms that the indicated price is £123.0 million for approximately 700 of the Company's 853 properties. The remaining properties in the Company's portfolio were valued at £18.25 million in the draft valuation report prepared by Jones Lang LaSalle as at 31 August 2025.
While discussions are ongoing with Patron Capital, there can be no certainty that a transaction will be agreed upon or as to the final terms of any such agreement, and this update should not be construed as announcing a transaction.
The Board is committed to maximising value for shareholders and will provide a further update when appropriate. The sales process is expected to conclude in Q4 2025 or early 2026.
The person responsible for arranging the release of this announcement on behalf of the Company is Apex Group.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
FTI Consulting (Communications Adviser) Dido Laurimore Bryn Woodward Oliver Harrison |
+44 (0)20 3727 1000 |
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's website: www.homereituk.com
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