Custodian REIT plc : Disposal of Properties (1391265)

Custodian REIT plc (CREI) Custodian REIT plc : Disposal of Properties 06-Jul-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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6 July 2022

Custodian REIT plc

("Custodian REIT" or the "Company")

Disposal of Properties

Custodian REIT (LSE: CREI), the UK property investment company focused on smaller lot sizes, is pleased to announce the disposal of a property from its portfolio.

The Company has sold a retail unit in Weston-super-Mare at auction for GBP0.7m, in line with the most recent valuation. A five year lease renewal had recently been completed with Superdrug with annual rent decreasing from GBP124k to GBP60k.

Commenting on the disposal, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's external fund manager), said:

"This asset was not aligned with the strategy of the Company as we did not anticipate rents recovering and continues our planned disposals programme of non-prime high street retail assets. 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: MSCH 
TIDM:          CREI 
LEI Code:      2138001BOD1J5XK1CX76 
Sequence No.:  172777 
EQS News ID:   1391265 
 
End of Announcement  EQS News Service 
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July 06, 2022 02:00 ET (06:00 GMT)

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