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 | |
---|---|---|---|---|---|---|---|---|---|---|
6.10 | 8.10% | 81.40 | 81.60 | 82.70 | 86.30 | 79.00 | 79.00 | 5,283,785 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 44.15M | -65.82M | -0.1493 | -5.55 | 365.02M |
Dow Jones received a payment from EQS/DGAP to publish this press release.
Custodian REIT plc (CREI) Purchase of Property 22-Dec-2017 / 07:01 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. 22 December 2017 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 37,804 sq ft retail warehouse in Leicester, near the Beaumont Shopping Centre and the city's outer ring road with excellent links to the M1. The unit is occupied by Matalan, with nearby retailers including Tesco, Argos, Wilko and Superdrug. The unit's lease expires on 2 October 2028 with a passing rent of GBP502,900 per annum, reflecting a net initial yield1 of 7.36%. The Company acquired the property by purchasing the entire issued share capital of BL (Leicester) Limited and its wholly owned subsidiaries, Belgrave Land (Beaumont Leys) Limited and Belgrave Land (Leicester) Limited, which respectively hold the long-leasehold interest in the property and its occupational lease. The agreed purchase price of GBP6.661 million was funded from the Company's existing debt resources, resulting in net gearing2 increasing to 22.2% loan to value. Commenting on the acquisition, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company's discretionary investment manager), said: "Matalan has been trading from this location, adjacent to the 300,000 sq ft Beaumont Shopping Centre, for many years and we are delighted to have completed this acquisition. We believe the property will enhance Custodian REIT's retail warehouse portfolio with a strongly trading business, which has just invested circa GBP0.5m re-fitting the store." 1 Passing rent divided by purchase price plus purchaser's 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: MSCM TIDM: CREI OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 5045 End of Announcement EQS News Service 641355 22-Dec-2017 1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=641355&site_id=vwd_london&application_name=news 2: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=641355&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
December 22, 2017 02:03 ET (07:03 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