These properties, the majority of the REIT’s assets, have been sold to Patron Capital as part of the former’s ongoing wind down.

The initial gross proceeds of £98m, which includes the deposit received at exchange, has now been paid.

This results in net proceeds receivable by the Company of £94.2m, following the deduction of fees and expenses associated with the Transaction and certain reconciliation adjustments.

An additional deferred payment of £25 million will be received in April 2027.

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The remaining properties in the REIT’s portfolio were valued at just over £17m, and sale of most of these properties is expected to conclude in the first half of 2026.

On 26 March 2026, the Company exchanged on the sale of 29 of these properties for an aggregate gross consideration of £4.7m, in line with their valuation as at 31 August 2025.

The majority of the remaining 115 properties are expected to be sold within the first half of 2026.

"We are delighted to reach this key milestone in the managed wind-down of the company, which now rightly brings into focus the appropriate mechanism for, and timing of, any return of capital to shareholders, on which the board is taking professional advice,” said Michael O'Donnell, non-executive chair at Home REIT.

“We look forward to providing further updates during the course of Q2."