Triple Point Social Housing completes lease transfer away from troubled tenant

The switch to Westmoreland Housing Affiliation is of all 38 properties leased to Parasol, which represented 8.3% of SOHO’s gross internet asset worth and 9.7% of the hire roll as at 31 March, the belief stated in a inventory change discover at the moment (20 August). 
SOHO now expects hire assortment to extend to between 75% to 85% of present Full Repairing and Insuring (FRI) lease hire, in comparison with the 60% stage that Parasol had been paying beneath its collectors’ settlement. 
Triple Level assesses funding administration preparations
This stage of hire is predicted to final for 12 months in what the tr…