REG-Custodian REIT plc Custodian REIT plc : Progression of ESG strategy with appointment of new adviser

Custodian Property Income ReitAnnouncement

06/10/2022 07:15

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   Custodian REIT plc (CREI)
   Custodian REIT plc : Progression of ESG strategy with appointment of new
   adviser

   06-Oct-2022 / 07:00 GMT/BST
   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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                                                               6 October 2022

                                        

                               Custodian REIT plc

                                        

                      (the “Company” or “Custodian REIT”)

                                        

          Progression of ESG strategy with appointment of new adviser

    

   Custodian REIT plc  (LSE: CREI), which  seeks to deliver  a strong  income
   return by  investing  in  a  diversified  portfolio  of  smaller  regional
   properties across the UK, announces that in line with its ongoing strategy
   of  optimising   its   environmental,  social   and   governance   (“ESG”)
   performance, it has appointed  Jones Lang LaSalle  Limited (“JLL”) as  its
   ESG adviser (the “Appointment”) with immediate effect.

    

   JLL is one of the world’s  largest investment advisory firms and a  market
   leader in real estate ESG advisory with 90 ESG focused consultants in  the
   UK and over 650 internationally. 

    

   The Board believes the Appointment  will enable the Company to  accelerate
   the implementation of its  ESG strategy and  more effectively achieve  its
   objectives: 

    

     • Improving the energy performance of the Company’s buildings;
     • Further reducing energy usage for tenants as well as emissions;
     • Understanding  and  better  responding  to  environmental  risks   and
       opportunities;
     • Achieving better  social  outcomes  and enhancing  support  for  local
       communities; and
     • Complying with  all  requirements  and reporting  in  line  with  best
       practice where appropriate.

    

   As previously stated,  the Board  is determined to  carefully implement  a
   practical carbon  reduction strategy  and believes  that JLL’s  specialist
   real estate focus will help ensure the Company’s pathway towards net  zero
   carbon aligns  with stakeholder  expectations and  the Company’s  property
   strategy.

    

   Hazel Adam, Chair  of the  Company’s ESG  Committee, said:  “We see  JLL’s
   appointment as a crucial next step in the progression of the Company’s ESG
   strategy, which places positive ESG outcomes at the heart of everything we
   do, helping  drive operational  performance  and shareholder  returns  and
   creating a better, greener future.”

    

   Andrew Baker, Head  of Sustainability Consulting  at JLL said:  “Custodian
   REIT  fully  understands  the  importance  of  ESG,  particularly   energy
   efficiency, in safeguarding  its portfolio and  the future performance  of
   its assets.  Our  goal is  now to work  hard applying  our market  leading
   expertise in this field to help Custodian REIT achieve its ambitions.”

    

   Following the Appointment, Chris Ireland, a Non-Executive Director of  the
   Company and  Chairman of  JLL, has  stepped down  from the  Company’s  ESG
   Committee.   Chris  was  not  involved  in  any  decisions  regarding  the
   Appointment.  This announcement is made in accordance with LR 9.6.11.

    

                                    - Ends -

    

   Further information:

    

   Further information regarding the Company can be found by contacting:

    

   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.numis.com/funds

    

   FTI Consulting                                                            
   Richard Sunderland / Ellie Sweeney /              Tel: +44 (0)20 3727 1000
   Andrew Davis
                                            2 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  on long  leases  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 £10m lot-size, regional 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       3 custodianreit.com      and
    4 custodiancapital.com.

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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.:   192706
   EQS News ID:    1457699


    
   End of Announcement EQS News Service

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References

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