REG-Custodian Property Income REIT plc Custodian Property Income REIT plc: Disposal of Properties at or above book value

Custodian Property Income ReitAnnouncement

Today 07:02

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   Custodian Property Income REIT plc (CREI)
   Custodian Property Income REIT plc: Disposal of Properties at or above
   book value

   15-May-2025 / 07:00 GMT/BST

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                                                                  15 May 2025

    

                       Custodian Property Income REIT plc

                                        

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

                                        

                 Disposal of Properties at or above book value

    

   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
   two office buildings in Cheadle for an aggregate £6.9m.

    

   5500 Lakeside, which is 66%  let, was sold for £4.0m  in line with the  31
   December 2024 valuation, while the  disposal of Wienerberger House,  which
   is fully let, was achieved at a  10% premium to the valuation at the  same
   date.  The assets had both been acquired as part of portfolio acquisitions
   in November 2021 and May 2016, respectively.

    

   Commenting on the disposals, Richard Shepherd-Cross, Managing Director  of
   Custodian Capital Limited, said: “Whilst we have received a healthy  level
   of  income  across  both  properties,  due  to  market  sentiment  in  the
   out-of-town office  sector, we  believe that  there is  limited scope  for
   future rental growth and we felt that  now is the right time to sell.  The
   transactions once again prove our ability  to make sales at or above  book
   valuation and 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 EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BJFLFT45
   Category Code:  MSCU
   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.:   388342
   EQS News ID:    2137542


    
   End of Announcement EQS News Service

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References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=2137542&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=2137542&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news
   3. mailto:custodianreit@fticonsulting.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=2137542&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=2137542&site_id=reuters~~~787b94c3-8286-43cc-98b3-26b1dc52d810&application_name=news


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