Custodian REIT plc : Disposal of Properties (1274341)
31 1월 2022 - 4:00PM
UK Regulatory
Custodian REIT plc (CREI) Custodian REIT plc : Disposal of
Properties 31-Jan-2022 / 07:00 GMT/BST Dissemination of a
Regulatory Announcement that contains inside information according
to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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31 January 2022
Custodian REIT plc
("Custodian REIT" or the "Company")
Disposal of Properties
Custodian REIT (LSE: CREI), the UK property investment company,
is pleased to announce the disposal of a property from its
portfolio.
The Company has sold a high street retail unit in Norwich for
GBP1.305m, in line with the most recent valuation.
The property was originally acquired as part of the IPO
portfolio in 2014. The unit is currently let to Specsavers with 7.7
years to expiry. The disposal forms part of the Company's strategy
of reducing exposure to secondary high street retail assets.
Commenting on the disposal, Richard Shepherd-Cross, Managing
Director of Custodian Capital Limited (the Company's external fund
manager), said:
While this asset has provided secure income to date, we believe
it is no longer aligned with the strategy of the Company as we
anticipate future rental decline and increased vacancy in this
micro location. We expect to invest the sale proceeds in higher
quality assets with greater prospects for income and capital
growth, better supporting the Board's objective of increasing
dividends in a sustainable way."
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740
www.custodiancapital.com
Numis Securities Limited
Hugh Jonathan Tel: +44 (0)20 7260 1000
www.numiscorp.com
Camarco
Ed Gascoigne-Pees Tel: +44 (0)20 3757 4984
www.camarco.co.uk
Notes to Editors
Custodian REIT is a UK real estate investment trust with a
portfolio comprising properties predominantly let to institutional
grade tenants throughout the UK, principally characterised by
properties with individual values of less than GBP10m at
acquisition.
The Company offers investors the opportunity to access a
diversified portfolio of UK commercial real estate through a
closed-ended fund. By principally targeting sub GBP10m lot size,
regional properties, the Company intends to provide investors with
an attractive level of income and the potential for capital growth,
becoming the REIT of choice for private and institutional investors
seeking high and stable dividends from well-diversified UK real
estate.
Custodian Capital Limited is the discretionary investment
manager of the Company.
For more information visit www.custodianreit.com and
www.custodiancapital.com.
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ISIN: GB00BJFLFT45
Category Code: DIS
TIDM: CREI
LEI Code: 2138001BOD1J5XK1CX76
OAM Categories: 2.2. Inside information
Sequence No.: 139698
EQS News ID: 1274341
End of Announcement EQS News Service
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