Custodian Property Income REIT plc: Disposal of Property (1810455)

Custodian Property Income REIT plc (CREI) 
Custodian Property Income REIT plc: Disposal of Property 
09-Jan-2024 / 07:00 GMT/BST 
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9 January 2024 
 
Custodian Property Income REIT plc 
 
("Custodian Property Income REIT" or the "Company") 
 
Disposal of 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 16,869 sq ft office in 
Derby for GBP2.05m, 36% ahead of the 30 September 2023 valuation. 
 
Commenting on the disposal, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's 
external fund manager), said: "This office was acquired as part of the Company's IPO portfolio in 2014 and has provided 
the Company with a healthy level of income over nine years of ownership.  Given limited opportunities for further 
rental growth and in line with our strategy, we felt that now is the right time to sell.  We expect to use the sale 
proceeds to repay variable rate debt and fund accretive improvements in the remaining portfolio, both of 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 smaller, regional, core/core-plus properties.

The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By principally targeting smaller, regional, core/core-plus properties, the Company seeks 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 custodianreit.com and 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.:   296164 
EQS News ID:    1810455 
 
End of Announcement  EQS News Service 
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January 09, 2024 02:00 ET (07:00 GMT)

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