REG-Custodian REIT plc Custodian REIT plc : Disposal of Properties

Custodian Property Income ReitAnnouncement

31/01/2022 07:05

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   Custodian REIT plc (CREI)
   Custodian REIT plc : Disposal of Properties

   31-Jan-2022 / 07:00 GMT/BST
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                                                              31 January 2022

    

                               Custodian REIT plc

                                        

                      ("Custodian REIT" or the "Company")

                                        

                             Disposal of Properties

    

   Custodian REIT (LSE: CREI), the UK property investment company, is pleased
   to announce the disposal of a property from its portfolio. 

    

   The Company has sold a high street retail unit in Norwich for £1.305m,  in
   line with the most recent valuation. 

    

   The property  was originally  acquired as  part of  the IPO  portfolio  in
   2014.  The unit is currently let to Specsavers with 7.7 years to  expiry. 
   The disposal forms part of the Company's strategy of reducing exposure  to
   secondary high street retail assets.

    

   Commenting on the disposal,  Richard Shepherd-Cross, Managing Director  of
   Custodian Capital Limited (the Company's external fund manager), said:

    

   While this asset has provided secure income  to date, we believe it is  no
   longer aligned with the  strategy of the Company  as we anticipate  future
   rental decline and increased vacancy in this micro location.  We expect to
   invest the sale proceeds in  higher quality assets with greater  prospects
   for income and capital growth, better supporting the Board's objective  of
   increasing dividends in a sustainable way."

    

                                    - 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            Tel: +44 (0)20 7260 1000
                                   www.numiscorp.com

    

   Camarco                                   
   Ed Gascoigne-Pees Tel: +44 (0)20 3757 4984
                            www.camarco.co.uk

    

   Notes to Editors

    

   Custodian REIT  is a  UK real  estate investment  trust with  a  portfolio
   comprising properties  predominantly let  to institutional  grade  tenants
   throughout the UK, principally characterised by properties with individual
   values of less than £10m 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 £10m lot size, regional properties, the  Company
   intends to provide investors  with an attractive level  of income and  the
   potential for capital growth, becoming the REIT of choice for private  and
   institutional  investors   seeking   high  and   stable   dividends   from
   well-diversified UK real estate.

    

   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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   ISIN:           GB00BJFLFT45
   Category Code:  DIS
   TIDM:           CREI
   LEI Code:       2138001BOD1J5XK1CX76
   OAM Categories: 2.2. Inside information
   Sequence No.:   139698
   EQS News ID:    1274341


    
   End of Announcement EQS News Service

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