Home REIT gives notice to investment manager ahead of formal wind-down

Home REIT has served its investment manager a formal termination notice as it launches aggressive cost-cutting measures as part of its winding-down. The stricken property firm said it had served its investment manager, AEW, six months’ notice in its latest trading update, with the contract set to expire in April 2027. The board said it is searching for a lower-cost fund manager specialising in corporate liquidation as all of its properties have now entered creditors’ voluntary liquidation. Alongside severing its relationship with AEW, Home REIT is also sharply lowering the advisory fees it pays the manager, after triggering contract amendments first announced in August 2025. Monthly fees have been reduced to £120,000 per month as of 29 October, with the firm confirming they will fall further to £42,000 from January 2027. The move comes as the board looks to slash its costs from £4.7m to between £2.5m and £2m per year.  Home REIT, which floated in 2020, was hit by a da