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Home REIT to Dispute Smith Square Partners' GBP1.6 Million Claim

MT Newswires·07/24/2026 05:33:54
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05:33 AM EDT, 07/24/2026 (MT Newswires) -- Home REIT (HOME.L) said Friday it intends to "vigorously defend" a claim by former strategic adviser Smith Square Partners for 1.6 million pounds sterling in alleged unpaid contractual debt. Smith Square recently alleged that the real estate investment trust's November 2025 announcement about an asset portfolio sale triggered a tail fee payable within 24 months following its termination as Home REIT's strategic adviser on Nov. 24, 2023. Home REIT noted that the portfolio sale agreement resulted in the disposal of 706 properties, which represents the majority of its assets, to Patron Capital.