This includes around £19.4m of 28 smaller lot-size regional UK investment properties which complement the trust’s current assets, as well as £2.7m of newly built housing stock, due to be sold “in the next few months”.
Home REIT expects full sale of assets to be completed in Q3 2025
The transaction is expected to bolster CREI’s earnings per share and dividend cover, increase tenant diversification and cut down on the trust’s ongoing charges ratio and net gearing.
According to a stock exchange notice today (2 June), Merlin has no borrowings and the sale of its £2.7m portfolio of…
