Company expects to wrap up process in the third quarter
Company describes move as “positive step” in shares being relisted
Troubled REIT received an offer valuing the firm at £32m
Company makes final repayment to Scottish Widows
Remaining assets have been packaged in £175m Project Tide
The company had been offloading assets at auction but is pivoting for final disposals
Latest auction sales allow REIT to pay off borrowing
Troubled REIT lost close to £475m in 2022
Company has sold almost 1,000 assets in past year
General meeting to be held on 16 September
Another administration comes as Home REIT rental income drops by more than 70%
Rental income totals just £15.3m from 1,560-strong estate, down from £54m a year ago