Two Home REIT tenants enter creditors' voluntary liquidation

Representing 12% of demanded rent

James Baxter-Derrington
clock • 1 min read

Home REIT tenants Redemption Project CIC and Serenity Support CIC have entered into creditors' voluntary liquidations, adding to the disruption facing the embattled trust.

The liquidation of Redemption Project CIC, representing 11% of rent demanded in June and a tenant of 152 properties, will be overseen by Begbies Traynor Group, while Serenity Support CIC, representing 1% of rent demanded in June and a tenant of ten properties, will be liquidated by Cornerstone Business Recovery. 'The circle is collapsing': How a demolished house in Lancashire uncovered Home REIT's broken business model Redemption Project CIC's liquidation marks the second tied to Gurpaal Singh Judge, who is listed as a director of the vehicle and was also a director of Lotus Sanctuary...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

In 2021 and 2022, Hargreaves earned £50m in each year on client cash, and the analysts estimated the income will grow to around £270m for the 2024 financial year.

Jefferies retains 'Buy' rating for Hargreaves Lansdown

No ‘double dipping’ impact

Cristian Angeloni
clock 10 January 2024 • 2 min read
People close to BlackRock told Fox Business that savings from the layoffs will be used to expand into growth businesses such as technology investing and alternative investment products.

BlackRock plans to cut 3% of global workforce - reports

Entering a more ‘mature’ business phase

Valeria Martinez
clock 09 January 2024 • 1 min read
Jupiter CEO Matthew Beesley

Jupiter suffers higher than anticipated outflows of £2.2bn

Weaker than anticipated retail sentiment

Cristian Angeloni
clock 09 January 2024 • 2 min read
Trustpilot