REG-Custodian Property Income REIT plc Custodian Property Income REIT plc: Disposal of Glasgow Offices at a 24% Premium to Valuation

Custodian Property Income ReitAnnouncement

05/02/2026 07:00

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   Custodian Property Income REIT plc (CREI)
   Custodian Property Income REIT plc: Disposal of Glasgow Offices at a 24%
   Premium to Valuation

   05-Feb-2026 / 07:00 GMT/BST

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                                                              5 February 2026

    

                       Custodian Property Income REIT plc

                                        

              (“Custodian Property Income REIT” or the “Company”)

                                        

           Disposal of Glasgow Offices at a 24% Premium to Valuation

    

   Custodian Property  Income REIT  (LSE:  CREI), which  seeks to  deliver  a
   strong income return by  investing in a  diversified portfolio of  smaller
   regional properties across the UK, is pleased to announce the disposal  of
   an office building in Glasgow for £6.0m, representing a 24% premium to the
   30 September 2025 valuation.

    

   Monteith House, located on George Square in Glasgow city centre, is  fully
   let to a single tenant with an annual passing rent of £0.5m. The asset was
   acquired as part of the DRUM Income Plus portfolio acquisition in November
   2021.

    

   Commenting on the disposal,  Richard Shepherd-Cross, Managing Director  of
   Custodian Capital  Limited, said:  “We have  received a  healthy level  of
   income on this property  for the period of  our ownership. With less  than
   five years remaining on the  current lease and some uncertainty  regarding
   renewal with  the existing  tenant, we  believe that  without  significant
   capital expenditure,  this  asset  has limited  scope  for  future  rental
   growth. Due to these factors, we felt  that now is the right time to  sell
   and crystallise  a  24%  premium  to  the  30  September  2025  valuation,
   demonstrating our ability to complete sales above book valuation, as  well
   as the continued demand for well-located  office assets. We expect to  use
   the proceeds to repay  variable rate debt, aligning  with our strategy  of
   providing shareholders with strong income returns.”

    

                                    - Ends -

    

   Further information:

    

   Further information regarding the  Company can be  found at the  Company's
   website  1 custodianreit.com or please contact:

    

   Custodian Capital Limited                                             
   Richard Shepherd-Cross – Managing Director

   Ed Moore – Finance Director                   Tel: +44 (0)116 240 8740

   Ian Mattioli MBE DL – Chairman
                                               2 www.custodiancapital.com

    

   Numis Securities Limited                             
   Hugh Jonathan / George Shiel Tel: +44 (0)20 7260 1000
                                     www.numis.com/funds

    

   FTI Consulting                                                            
   Richard Sunderland / Ellie Sweeney /              Tel: +44 (0)20 3727 1000
   Andrew Davis / Oliver Parsons
                                            3 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  throughout   the  UK  and  is   principally
   characterised by smaller, regional, core/core-plus properties. 

    

   The Company  offers  investors the  opportunity  to access  a  diversified
   portfolio of UK commercial  real estate through  a closed-ended fund.   By
   principally targeting  smaller, regional,  core/core-plus 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       4 custodianreit.com      and
    5 custodiancapital.com.

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by  6 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  7 EQS News

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   ISIN:          GB00BJFLFT45
   Category Code: DIS
   TIDM:          CREI
   LEI Code:      2138001BOD1J5XK1CX76
   Sequence No.:  417198
   EQS News ID:   2271616


    
   End of Announcement EQS News Service

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References

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