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Home REIT plc announced on 24 July 2026 an update on a commercial dispute with Smith Square Partners LLP. Smith Square Partners LLP, whose appointment by the Company terminated on 24 November 2023, has issued proceedings for a purported unpaid contractual debt of £1,623,600 plus contractual interest and costs. The claim alleges a tail fee was triggered by a Company RNS on 13 November 2025, prior to the 2 March 2026 announcement of the disposal of 706 properties.
| Date | 24 Jul 2026 |
| Time | 07:00:04 |
| Category | Miscellaneous |
| ID | 6546N |
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THIS STATEMENT IS MADE WITHOUT WAIVER OF LEGAL PRIVILEGE
24 July 2026
Home REIT plc
("HOME" or the "Company")
Dispute with Smith Square Partners LLP
The Company today provides an update on a commercial dispute with Smith Square Partners LLP.
Smith Square Partners LLP were appointed by the Company in early 2023 to provide the Board with specific strategic advice. Their appointment terminated with effect from 24 November 2023.
Smith Square Partners LLP this week issued proceedings regarding a purported unpaid contractual debt of £1,623,600 together with contractual interest, further or other relief, and costs (the "Claim").
The Claim alleges that the Company's RNS of 13 November 2025, responding to press speculation concerning the Company's portfolio sales process, triggered a tail fee payable within the 24-month period following termination of Smith Square Partners LLP's appointment. On 2 March 2026 the board announced the Company had exchanged on the disposal of 706 properties, representing the majority of the Company's portfolio of assets, to Patron Capital. The Company intends to vigorously defend the Claim.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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FTI Consulting (Communications Adviser) Dido Laurimore Bryn Woodward
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+44 (0)20 3727 1000 |
The Company's LEI is: 213800A53AOVH3FCGG44.
For more information, please visit the Company's website: www.homereituk.com