Custodian Property Income REIT plc: Custodian Property Income REIT sells industrial unit at 9.5% premium to valuation
22 1월 2024 - 4:00PM
EQS Regulatory News
Custodian Property Income REIT plc (CREI)
Custodian Property Income REIT plc: Custodian Property Income REIT
sells industrial unit at 9.5% premium to valuation
22-Jan-2024 / 07:00 GMT/BST
22 January 2024
Custodian
Property Income REIT plc
(“Custodian Property Income REIT”
or the “Company”)
Custodian
Property Income REIT sells industrial unit at 9.5% premium to
valuation
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 an industrial
unit in Milton Keynes for £8.0m, representing a 9.5% or £0.7m
premium to 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:
“During our nine years of
ownership, we were able to generate a healthy and growing level of
income from this asset. We made the
decision to crystallise a profit for our shareholders and we expect
to use the sale proceeds towards repaying the Company’s existing
revolving debt facility. This will further reduce our interest
costs and allow the Company to fund future improvements to the
remaining portfolio.”
- 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.
|
| |
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.: |
298663 |
EQS News ID: |
1819289 |
|
End of Announcement |
EQS News Service |
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