Custodian Property Income REIT plc: Disposal of Retail Property (1653879)

Custodian Property Income REIT plc (CREI) Custodian Property Income REIT plc: Disposal of Retail Property 12-Jun-2023 / 07:00 GMT/BST

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12 June 2023

Custodian Property Income REIT plc

("Custodian Property Income REIT" or the "Company")

Disposal of Retail Property

Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of a high street retail unit in Cirencester at auction for GBP0.72m, in line with the 31 March 2023 valuation.

Commenting on the disposal, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's external fund manager), said: "We were not confident in this asset's future rental growth prospects and expect to use the sale proceeds to improve the remaining portfolio, which we believe will better support the strategy of providing our shareholders with strong income returns."

- 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 / Nathan Brown  Tel: +44 (0)20 7260 1000 
                              www.numiscorp.com 
FTI Consulting 
Richard Sunderland / Andrew Davis / Oliver Parsons Tel: +44 (0)20 3727 1000 
                                                   custodianreit@fticonsulting.com

Notes to Editors

Custodian Property Income REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants throughout the UK and is principally characterised by properties with individual values of less than GBP15m 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 GBP15m lot size, regional properties, the Company intends to provide investors with an attractive level of income with the potential for capital growth.

Custodian Capital Limited is the discretionary investment manager of the Company.

For more information visit www.custodianreit.com and www.custodiancapital.com.

----------------------------------------------------------------------------------------------------------------------- Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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ISIN:           GB00BJFLFT45 
Category Code:  MSCH 
TIDM:           CREI 
LEI Code:       2138001BOD1J5XK1CX76 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   249986 
EQS News ID:    1653879 
 
End of Announcement  EQS News Service 
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June 12, 2023 02:00 ET (06:00 GMT)

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