We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Custodian Property Income Reit Plc | LSE:CREI | London | Ordinary Share | GB00BJFLFT45 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 1.30% | 78.00 | 77.50 | 78.00 | 79.90 | 76.50 | 76.50 | 1,499,601 | 16:29:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 44.15M | -65.82M | -0.1493 | -5.22 | 343.86M |
Dow Jones received a payment from EQS/DGAP to publish this press release.
Custodian REIT plc (CREI) Custodian REIT plc : Purchase of Property 10-Sep-2018 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. 10 September 2018 Custodian REIT plc ("Custodian REIT" or "the Company") Purchase of Property Custodian REIT (LSE: CREI), the UK property investment company, is pleased to announce a further property purchase. The Company has acquired a 72,582 sq ft industrial unit on Hilton Business Park, Derby, located one mile from the A50 which connects the M1 and M6. Nearby occupiers include Amco Logistics and NR Evans Distribution. The unit is let to Daher Aerospace Limited on a lease expiring on 14 September 2031 with a current passing rent of GBP400,060 per annum reflecting a net initial yield[1] of 6.72%. The agreed purchase price of GBP5.585 million was funded from the Company's existing debt facilities, resulting in net gearing[2] increasing to 23.3% loan to value. Commenting on the acquisition, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's discretionary investment manager), said: " We are delighted to have acquired this modern unit located in the developing logistics and distribution corridor of the A50. There is significant demand in the Midlands for high quality industrial units with good communication links. Given the affordable level of passing rent and the increasing cost of development limiting the supply of competing space, we expect this demand to lead to rental growth at the September 2021 rent review." 1 Passing rent divided by valuation plus estimated purchasers' costs. 2 Gross borrowings less unrestricted cash divided by last published property portfolio valuation. -Ends- For further information, please contact: Custodian Capital Limited Richard Shepherd-Cross / Nathan Tel: +44 (0)116 240 8740 Imlach / Ian Mattioli MBE www.custodiancapital.com [1] Numis Securities Limited Nathan Brown / 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 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 GBP10 million at acquisition. The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By targeting sub GBP10 million 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 www.custodianreit.com [2] and www.custodiancapital.com [1]. =--------------------------------------------------------------------------- ISIN: GB00BJFLFT45 Category Code: MSCH TIDM: CREI OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5988 EQS News ID: 721813 End of Announcement EQS News Service 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=721813&site_id=vwd_london&application_name=news 2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=721813&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
September 10, 2018 02:01 ET (06:01 GMT)
1 Year Custodian Property Incom... Chart |
1 Month Custodian Property Incom... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions