REG-AEW UK REIT plc Eastpoint Business Park, Oxford

Aew UK ReitAnnouncement

25/04/2022 07:15

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   AEW UK REIT plc (AEWU)
   Eastpoint Business Park, Oxford

   25-Apr-2022 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
   PUBLICATION,  TRANSMISSION,  FORWARDING   OR  DISTRIBUTION,  DIRECTLY   OR
   INDIRECTLY, IN WHOLE OR IN PART, IN  OR INTO OR FROM THE UNITED STATES  OR
   ANY JURISDICTION WHERE  TO DO  SO MIGHT  CONSTITUTE A  VIOLATION OF  LOCAL
   APPLICABLE SECURITIES LAWS OR REGULATIONS.

    

   THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF  ARTICLE
   7 OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF  THE
   EUROPEAN UNION (WITHDRAWAL)  ACT 2018  ("MAR"). UPON  PUBLICATION OF  THIS
   ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
   DOMAIN FOR THE PURPOSES OF MAR. 

    

    

   25 April 2022

    

                                AEW UK REIT Plc

                                        

                        Eastpoint Business Park, Oxford

    

                                        

   AEW UK REIT  plc (LSE:  AEWU) ("AEWU"  or the  "Company") announces  that,
   following a marketing  campaign, it has  agreed terms to  sell its  office
   asset located in  Eastpoint Business  Park, Oxford  for approximately  £37
   million.  The agreed sale  price represents a  significant premium to  the
   carrying value of the asset  at 31 March 2022  and the Company received  a
   number of offers  at similar  levels. For illustrative  purposes only,  if
   this valuation had been included in the  31 March 2022 NAV, it would  have
   added approximately 11 pence to the Net Asset Value per share.

   It should be noted  that there is no  guarantee that the transaction  will
   complete and there will be  a number of factors  that may impact the  next
   net asset value  produced by  the Company, which  will be  for the  period
   ending 30 June 2022.

                                      ENDS

                                        

   Enquiries                       
   AEW UK                          
   Alex Short                      1 alex.short@eu.aew.com
                                  +44(0) 20 7016 4848
                                   
   Nicki Gladstone                 2 nicki.gladstone-ext@eu.aew.com
                                  +44(0) 7711 401 021
   Company Secretary               
   Link Company Matters Limited   aewu.cosec@linkgroup.co.uk
                                  +44(0) 1392 477 500
                                   
   TB Cardew                       3 AEW@tbcardew.com
   Ed Orlebar                     +44 (0) 7738 724 630
   Tania Wild                     +44 (0) 7425 536 903
   Lucas Bramwell                 +44 (0) 7939 694 437
                                   
   Liberum Capital                 
   Darren Vickers / Owen Matthews +44 (0) 20 3100 2000

    

    

   Notes to Editors

    

   About AEW UK REIT

    

   AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return  to
   shareholders by investing predominantly  in smaller commercial  properties
   (typically less  than  £15 million),  on  shorter occupational  leases  in
   strong commercial  locations across  the United  Kingdom. The  Company  is
   currently invested in office, retail, industrial and leisure assets,  with
   a focus  on  active asset  management,  repositioning the  properties  and
   improving the  quality of  income streams.   AEWU is  currently paying  an
   annualised dividend of 8p per share. 

    

   The Company  was listed  on the  Official List  of the  Financial  Conduct
   Authority and admitted to trading on  the Main Market of the London  Stock
   Exchange on 12 May 2015.  4 www.aewukreit.com

    

   LEI: 21380073LDXHV2LP5K50

    

   About AEW UK Investment Management LLP

    

   AEW UK Investment Management LLP employs a well-resourced team  comprising
   28 individuals  covering  investment,  asset  management,  operations  and
   strategy. It is part of AEW Group, one of the world's largest real  estate
   managers, with €88.2bn of assets under management as at 31 December  2021.
   AEW Group  comprises  AEW SA  and  AEW  Capital Management  L.P.,  a  U.S.
   registered  investment  manager  and  their  respective  subsidiaries.  In
   Europe, as at 31 December 2021,  AEW Group managed €38.5bn of real  estate
   assets on behalf of a number of funds and separate accounts with over  450
   staff located in 12 locations. In  May 2019, AEW UK Investment  Management
   LLP was  awarded  Property  Manager  of  the  Year  at  the  Pensions  and
   Investment Provider Awards.

    

    5 www.aewuk.co.uk

    

   IMPORTANT INFORMATION

   This announcement contains inside information for the purposes of  Article
   7 of MAR. Upon publication of this announcement, the inside information is
   now considered to be  in the public  domain for the  purposes of MAR.  The
   person responsible  for  arranging the  release  of this  announcement  on
   behalf of the Company is AEW UK Investment Management LLP.

   The sale of the Company's office asset located in Eastpoint Business Park,
   Oxford is  subject,  among  other  things,  to  the  purchaser  completing
   satisfactory due  diligence  and  the parties  agreeing  definitive  legal
   agreements for the sale. There  can be no guarantee  that the sale of  the
   Company's office asset described in  this announcement will be  completed.
   All  information  relating  to  the  potential  sale  described  in   this
   announcement may subsequently change as a result.  It should also be noted
   that any future  NAV per Ordinary  Share announced by  the Company in  due
   course will, in  addition to the  any sale of  the Company's office  asset
   described in this  announcement (if completed),  be affected by  valuation
   movements in the  Company's portfolio  as well as  any other  acquisitions
   and/or disposals completed by the Company. 

    

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   ISIN:           GB00BWD24154
   Category Code:  DIS
   TIDM:           AEWU
   LEI Code:       21380073LDXHV2LP5K50
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   157146
   EQS News ID:    1333533


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:alex.short@eu.aew.com
   2. mailto:nicki.gladstone-ext@eu.aew.com
   3. mailto:AEW@tbcardew.com
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