Home REIT sells 14 properties at average 49% loss as inspections prolonged

In its third monthly update today (6 November), the embattled trust said the sales had taken place at a public auction held on 2 November, with two more auction sales expected this week. In total, the trust has exchanged contracts for the sale of 191 properties for £36.5m. The first auction in early August delivered a 60.6% loss, while the value of the second sale at the end of September represented an average of just 32% of the properties' purchase price. The board of the trust, whose shares have been suspended for nearly a year, said it currently anticipates publication of the outst...