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Home REIT serves termination notice on investment manager ahead of wind-down
Home REIT serves termination notice on investment manager AEW as it winds down and slashes advisory fees.
Key points
- Home REIT gave its investment manager AEW six months' notice, with the contract set to expire in April 2027.
- Monthly advisory fees fall from £120,000 to £42,000 from January 2027, after cuts starting 29 October.
- The board aims to cut annual costs from £4.7m to between £2.5m and £2m as all properties enter liquidation.
Why it matters. The company says savings from cheaper management and lower costs will support a planned return of capital to shareholders, while ongoing legal costs and a Serious Fraud Office investigation continue.
Home REIT has served its investment manager AEW with six months' notice, with the contract set to expire in April 2027, as it winds down, the company said in its latest trading update. Monthly advisory fees have been cut to £120,000 from 29 October and will fall to £42,000 from January 2027. The board is seeking a lower-cost fund manager specialising in corporate liquidation, since all its properties have entered creditors' voluntary liquidation.
Latest updates
Home REIT serves termination notice on investment manager ahead of wind-down
Home REIT has served formal termination notice on its investment manager. The company is launching aggressive cost-cutting measures as part of its winding-down process. City AM reported the development on 2 November 2026. The notice is a formal step ahead of the wind-down of the real estate investment trust. The report did not give figures for the cost savings or a timetable for the wind-down.