Custodian REIT plc : Disposal of Property (703753)

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 Custodian REIT plc (CREI) 
Custodian REIT plc : Disposal of Property 
 
12-Jul-2018 / 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. 
 
            12 July 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 20,424 sq ft town centre retail unit in Dumfries for 
             GBP1.125 million, in line with the 30 June 2018 valuation. 
 
  The property was acquired as part of a portfolio in September 2014 and 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: 
 
         "Despite a good location within the town let to a strong tenant, we 
   anticipate minimal opportunities for future rental growth and believe the 
      disposal proceeds can be redeployed on property with better income and 
            capital growth prospects." 
 
      - 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 with a portfolio 
      comprising properties predominantly let to institutional grade tenants 
  throughout the UK, principally characterised by properties with individual 
             values of less than GBP10m 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 GBP10m 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 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.:   5739 
EQS News ID:    703753 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=703753&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=703753&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

July 12, 2018 02:01 ET (06:01 GMT)