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Custodian REIT plc (CREI)
Custodian REIT plc: Disposal of Property
29-March-2018 / 16:37 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.
29 March 2018
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 10,736 sq ft high street retail unit in Hinckley for
GBP0.6 million, in line with the 31 December 2017 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:
"Due to its size, this asset was identified as being non-core within our
ongoing strategy. Over the last year we have extended the lease at the
property to enable disposal at the highest possible valuation."
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Nathan Tel: +44 (0)116 240 8740
Imlach / Ian Mattioli MBE
www.custodiancapital.com [1]
Numis Securities Limited
Nathan Brown / 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 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 GBP10 million at acquisition.
The Company offers investors the opportunity to access a diversified
portfolio of UK commercial real estate through a closed-ended fund. By
targeting sub GBP10 million lot size, regional properties, the Company intends
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 www.custodianreit.com [2] and
www.custodiancapital.com [1].
ISIN: GB00BJFLFT45
Category Code: DIS
TIDM: CREI
Sequence No.: 5349
End of Announcement EQS News Service
670681 29-March-2018
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(END) Dow Jones Newswires
March 29, 2018 11:40 ET (15:40 GMT)
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