The plans comply with the sale of specialized supported housing properties in August 2023 for round £7.6m – in keeping with e book worth and a 9.6% uplift to buy value.
The gross sales could be used to return capital to shareholders by way of additional share buybacks, with consideration additionally given to leverage ranges and any debt reimbursement obligations, the REIT mentioned in a inventory alternate discover at present (3 Might).
In November 2023, SOHO paused share buybacks as a result of its money place, noting they’d be depending on extra liquidity generated by way of asset gross sales.
The REIT has additionally secured the switch of a…
