Custodian REIT plc : Disposal of Property (1220417)
July 21 2021 - 2:00AM
UK Regulatory
Custodian REIT plc (CREI)
Custodian REIT plc : Disposal of Property
21-Jul-2021 / 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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21 July 2021
Custodian REIT plc
("Custodian REIT" or the "Company")
Disposal of Property
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 5,242 sq ft vacant children's day nursery in Basingstoke for GBP648k, GBP73k ahead of the last
published valuation.
The property was part of the initial portfolio acquired on the Company's admission to the London Stock Exchange in
2014. The Company intends to use the proceeds from the disposal to fund acquisitions better aligned to its stated
investment strategy.
Commenting on the disposal, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's
external fund manager), said:
"The children's day nursery sector has been adversely affected by COVID-19 and in the current market the asset is best
suited for local residential development, demonstrated by sale proceeds exceeding valuation by 11%, which will be
redeployed on investment property with greater prospects for income and capital growth."
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Nathan Imlach / 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
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
Sequence No.: 118077
EQS News ID: 1220417
End of Announcement EQS News Service
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