REG-Custodian Property Income REIT plc Custodian Property Income REIT plc: Disposal of Property

Custodian Property Income ReitAnnouncement

13/11/2023 07:15

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   Custodian Property Income REIT plc (CREI)
   Custodian Property Income REIT plc: Disposal of Property

   13-Nov-2023 / 07:00 GMT/BST

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                                                             13 November 2023

    

                       Custodian Property Income REIT plc

                                        

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

                                        

                              Disposal of Property

    

   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
   a children’s  day nursery  in Chesham  for  £0.55m, in  line with  the  30
   September 2023 valuation. 

    

   Commenting on the disposal,  Richard Shepherd-Cross, Managing Director  of
   Custodian Capital  Limited (the  Company’s external  fund manager),  said:
   “This asset  was  considered sub-scale  and  no longer  aligned  with  the
   strategy of the Company. Following a recent lease renewal the property had
   a 13 year unexpired lease term and now was felt the optimum time to  sell.
   We expect to use the sale  proceeds to fund improvements in the  remaining
   portfolio, which we believe will better support the strategy of  providing
   our shareholders with strong income returns.”

    

                                    - Ends -

    

   For further information, please contact:

    

   Custodian Capital Limited                                                 
   Richard Shepherd-Cross / Ed Moore / Ian           Tel: +44 (0)116 240 8740
   Mattioli MBE
                                                   1 www.custodiancapital.com

    

   Numis Securities Limited                             
   Hugh Jonathan / Nathan Brown Tel: +44 (0)20 7260 1000
                                       www.numiscorp.com

    

   FTI Consulting                                                            
   Richard Sunderland / Ellie Sweeney /              Tel: +44 (0)20 3727 1000
   Andrew Davis
                                              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 properties with  individual values of  less than £15m  at
   acquisition.

    

   The Company  offers  investors the  opportunity  to access  a  diversified
   portfolio of UK commercial  real estate through  a closed-ended fund.   By
   principally targeting sub £15m 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      2 www.custodianreit.com     and
    3 www.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:  MSCH
   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.:   284264
   EQS News ID:    1771049


    
   End of Announcement EQS News Service

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