Custodian REIT plc : Progression of ESG strategy with appointment of new adviser (1457699)
October 06 2022 - 2:00AM
UK Regulatory
Custodian REIT plc (CREI) Custodian REIT plc : Progression of
ESG strategy with appointment of new adviser 06-Oct-2022 / 07:00
GMT/BST 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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6 October 2022
Custodian REIT plc
(the "Company" or "Custodian REIT")
Progression of ESG strategy with appointment of new adviser
Custodian REIT plc (LSE: CREI), which seeks to deliver a strong
income return by investing in a diversified portfolio of smaller
regional properties across the UK, announces that in line with its
ongoing strategy of optimising its environmental, social and
governance ("ESG") performance, it has appointed Jones Lang LaSalle
Limited ("JLL") as its ESG adviser (the "Appointment") with
immediate effect.
JLL is one of the world's largest investment advisory firms and
a market leader in real estate ESG advisory with 90 ESG focused
consultants in the UK and over 650 internationally.
The Board believes the Appointment will enable the Company to
accelerate the implementation of its ESG strategy and more
effectively achieve its objectives:
-- Improving the energy performance of the Company's
buildings;
-- Further reducing energy usage for tenants as well as
emissions;
-- Understanding and better responding to environmental risks
and opportunities;
-- Achieving better social outcomes and enhancing support for
local communities; and
-- Complying with all requirements and reporting in line with
best practice where appropriate.
As previously stated, the Board is determined to carefully
implement a practical carbon reduction strategy and believes that
JLL's specialist real estate focus will help ensure the Company's
pathway towards net zero carbon aligns with stakeholder
expectations and the Company's property strategy.
Hazel Adam, Chair of the Company's ESG Committee, said: "We see
JLL's appointment as a crucial next step in the progression of the
Company's ESG strategy, which places positive ESG outcomes at the
heart of everything we do, helping drive operational performance
and shareholder returns and creating a better, greener future."
Andrew Baker, Head of Sustainability Consulting at JLL said:
"Custodian REIT fully understands the importance of ESG,
particularly energy efficiency, in safeguarding its portfolio and
the future performance of its assets. Our goal is now to work hard
applying our market leading expertise in this field to help
Custodian REIT achieve its ambitions."
Following the Appointment, Chris Ireland, a Non-Executive
Director of the Company and Chairman of JLL, has stepped down from
the Company's ESG Committee. Chris was not involved in any
decisions regarding the Appointment. This announcement is made in
accordance with LR 9.6.11.
- Ends -
Further information:
Further information regarding the Company can be found by
contacting:
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.numis.com/funds
FTI Consulting
Richard Sunderland / Ellie Sweeney / Andrew Davis 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 on long leases
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 GBP10m lot-size,
regional 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.
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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.: 192706
EQS News ID: 1457699
End of Announcement EQS News Service
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