One (Housing & Support) CIC - Administration

One (Housing & Support) CIC, a “non-performing” tenant of 110 properties amounting to 7% of Home REIT’s portfolio, has entered administration, with Evelyn Partners appointed administrators.

The move comes less than two months after Noble Tree Foundation — a tenant of 143 of Home REIT’s properties — also entered administration.

The administrators have engaged housing specialist Myshon Capital to manage the handover of the properties back to Home REIT, which is itself proposing to wind down amid debt repayment issues.