Troubled REIT Faces Closure Due to High Debt and Regulatory Scrutiny
Tuesday, 16 July 2024, 11:36
Troubled REIT to Wind Down Amid £115M Debt Pile
A struggling investment trust is facing closure as it grapples with a significant £115 million debt burden.
Financial Conduct Authority Investigation
Regulatory scrutiny from the Financial Conduct Authority has intensified the REIT's challenges.
Potential Group Litigation
The looming threat of group litigation further complicates the REIT's financial woes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.