March 6 Reuters UK housing provider Home REIT Plc said on Monday two of its tenants have entered into creditors39; voluntary liquidation, adding to worries for the firm as tries to fend off a shortseller attack and reviews a sale.

The housing provider for the homeless said Gen Liv UK CIC and Lotus Sanctuary CIC have entered into voluntary liquidation and the company was in talks with prospective tenants to take on new leases for the two portfolios.

It said Lotus Sanctuary CIC accounted for 12.5 of its annual rent roll while Gen Liv UK CIC accounted for 5.7

Lotus Sanctuary and Gen Liv did not immediately respond to Reuters requests for comment.

Home REIT has been under scrutiny over the last few months after a shortseller report by Viceroy Research questioned the ability of Home REIT39;s tenants to pay rent among other issues.

The company last month said it received an unsolicited takeover approach, adding that any offer by Londonbased Bluestar Group Ltd, an investment firm focused on panEuropean real estatebacked businesses, was likely to be in cash.

Bluestar has until March 16 to announce a firm offer or walk away.

The scathing report by Viceroy, best known for raising the alarm on Germany39;s Wirecard, in November also had questioned valuation levels of Home REIT39;s assets.

Viceroy also raised doubts about Gen Liv39;s ability to service Home REIT leases and referred to the low quality of services provided by the womenfocused housing provider Lotus, citing a…

Leave A Comment