Homeless charity’s fight over rent arrears adds to property funds’ woes, including rising interest rates and sceptical investors
Matt Fearnley’s charity owes almost £1m in rent to its landlord – but that bill is likely to keep growing unless his long list of complaints ranging from black mould to leaking ceilings is addressed.
Fearnley, the chief executive of homelessness charity Noble Tree Foundation, has withheld several months’ rent from Home Reit, a London Stock Exchange-listed real estate investment trust, over what he says is £3.2m owed for repairs and insurance that have not been forthcoming.
