Ground Rents Income Fund (GB:GRIO) has released an update.
Ground Rents Income Fund PLC reported a significant 20.7% like-for-like reduction in its portfolio valuation to £81.5 million as of 31 March 2024, amidst a backdrop of leasehold reform uncertainty and a change in government. The company has also refinanced its loan facility, extending the term and reducing the loan amount, while disposing of assets in Bristol and Exeter at a premium. Despite the challenges, the firm remains focused on delivering its new investment policy and engaging with the government on leasehold reform to balance shareholder and leaseholder interests.
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