REG - Alternative Inc REIT - Sale of Petrol Filling Station in Crawley

Alternative Income REITAnnouncement

27/10/2025 07:00

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RNS Number : 8208E  Alternative Income REIT PLC  27 October 2025

27 October 2025

 

 

Alternative Income REIT PLC

(the "Company" or "Group")

£4.5 MILLION SALE OF PETROL FILLING STATION IN CRAWLEY AT 12.5% PREMIUM TO
BOOK VALUE AT 30 JUNE 2025

 

The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the
owner of a diversified portfolio of UK commercial property assets
predominantly let on long leases with index-linked reviews, is pleased to
announce that it has completed the sale of the Applegreen Petrol Filling
Station, Crawley Avenue, Crawley, for a total consideration of £4,500,000 to
Rontec Properties No 7 Limited, who is part of the same group as the current
occupier. The sale represents:

·      a 17.8% premium on original purchase price;

·      a £500,000 premium on the property's book value at 30 June 2025;
and

·      reflects a net exit yield of 6.3%.

 

The transaction reduces the Group's LTV from 41.5% to 38.5% based on the 30
June 2025 valuations, whilst the interest cover ratio ("ICR") will reduce from
664.1% to 640.3%. As previously reported, the Group's debt facility with HSBC
was finalised on 20 October 2025, with its previous facilities being repaid in
full. The Group intends to redeploy the proceeds of the sale on purchasing an
attractive alternative investment asset in short order.

 

The Group expects to announce its latest NAV, portfolio valuation and dividend
declaration for the period to 30 September 2025 on or around 6 November 2025.

 

Simon Bennett, Non-Executive Chairman of Alternative Income REIT PLC,
commented:

"We are pleased to sell the Crawley petrol filling station at a £500,000
premium to book value, which represented 3.7% of the Group's portfolio at 30
June 2025. The sale will enable the Group to recycle the proceeds into an
alternative accretive investment in the short term."

 

ENQUIRIES

 Alternative Income REIT PLC   Via AIRE's Company Secretary, Hanway Advisory: 0207 409 0181 or by email:

 Simon Bennett - Chair         Aire.Cosec@jtcgroup.com

 Martley Capital REIM Limited  +44 (0)20 4551 1240

 Richard Croft
 Jane Blore

 Panmure Liberum Limited       +44 (0)20 3100 2000
 Alex Collins
 Tom Scrivens

 

The Company's LEI is 213800MPBIJS12Q88F71.

 

Further information on Alternative Income REIT PLC is available at
www.alternativeincomereit.com (about%3Ablank) (1)

 

About the Group

Alternative Income REIT PLC aims to generate a secure and predictable income
return, sustainable in real terms, whilst at least maintaining capital values,
in real terms, through investment in a diversified portfolio of UK properties,
predominantly within the alternative and specialist sectors.

 

The Company's investment adviser is Martley Capital Real Estate Investment
Management Limited ("Martley Capital"). Martley Capital Group is a
full-service real estate investment management platform whose activities cover
real estate investing, lending, asset management and investment advisory. It
has over 35 employees across five offices in the UK and Europe. The team
manages assets with a value of circa £850 million across 30 Mandates (at 30
June 2025).

 

(1)Neither the content of the Company's website, nor the content on any
website accessible from hyperlinks on its website or any other website, is
incorporated into, or forms part of, this announcement nor, unless previously
published on a Regulatory Information Service, should any such content be
relied upon in reaching a decision as to whether or not to acquire, continue
to hold, or dispose of, securities in the Company.

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