Custodian REIT plc : Disposal of Property

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 Custodian REIT plc (CREI) 
Custodian REIT plc : Disposal of Property 
 
29-March-2018 / 16:37 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. 
 
            29 March 2018 
 
      Custodian REIT plc 
 
      ("Custodian REIT" or the "Company") 
 
      Disposal of Property 
 
  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 10,736 sq ft high street retail unit in Hinckley for 
             GBP0.6 million, in line with the 31 December 2017 valuation. 
 
    The property was part of the initial portfolio acquired on the Company's 
  admission to the London Stock Exchange in 2014. The Company intends to use 
   the proceeds from the disposal to fund acquisitions better aligned to its 
            stated investment strategy. 
 
    Commenting on the disposal, Richard Shepherd-Cross, Managing Director of 
      Custodian Capital Limited (the Company's external fund manager), said: 
 
    "Due to its size, this asset was identified as being non-core within our 
      ongoing strategy. Over the last year we have extended the lease at the 
            property to enable disposal at the highest possible valuation." 
 
      - Ends - 
 
For further information, please contact: 
 
          Custodian Capital Limited 
Richard Shepherd-Cross / Nathan         Tel: [phone] 
Imlach / Ian Mattioli MBE 
                                    www.custodiancapital.com [1] 
 
Numis Securities Limited 
Nathan Brown / Hugh Jonathan Tel: [phone] 
                                    www.numiscorp.com 
 
Camarco 
Ed Gascoigne-Pees Tel: [phone] 
                         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: DIS 
TIDM:          CREI 
Sequence No.:  5349 
 
End of Announcement EQS News Service 
 
670681 29-March-2018 
 
 
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=670681&site_id=vwd_london&application_name=news 
2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=670681&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

March 29, 2018 11:40 ET (15:40 GMT)