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CREI Custodian Property Income Reit Plc

75.00
-0.40 (-0.53%)
26 Apr 2024 - Closed
Delayed by 15 minutes
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
  -0.40 -0.53% 75.00 74.80 75.10 76.00 74.70 76.00 348,892 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 44.15M -65.82M -0.1493 -5.02 330.2M

Purchase of Property (1205737)

09/06/2021 7:00am

UK Regulatory


Custodian REIT plc (CREI) 
Purchase of Property 
09-Jun-2021 / 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. 
=---------------------------------------------------------------------------------------------------------------------- 
 
 
9 June 2021 
 
 
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 property purchase. 
 
The Company has acquired five industrial units covering an aggregate 40,419 sq ft on Knowsley Business Park, Liverpool, 
adjacent to junction 4 of the M57.  The units are occupied by Portakabin, Green Thumb, Central Electrical Armature and 
Med Imaging with a weighted average unexpired term to first break or expiry of 4.0 years. 
 
The units have an aggregate passing rent of GBP214,117 per annum, reflecting a net initial yield1 of 5.74%. 
 
The agreed purchase price of GBP3.5 million was funded from the Company's existing debt facilities, resulting in net 
gearing2 increasing to 25.4% 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 secured these modern assets in an area with strong evidence of increasing industrial rents, 
offering short-medium term asset management opportunities." 
 
1 Passing rent divided by purchase price plus assumed 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 / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740 
                                                     www.custodiancapital.com 
Numis Securities Limited 
Hugh Jonathan/Nathan Brown  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 small lot sizes, with individual property 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 smaller lot size 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 and www.custodiancapital.com. -----------------------------------------------------------------------------------------------------------------------

ISIN:           GB00BJFLFT45 
Category Code:  ACQ 
TIDM:           CREI 
LEI Code:       2138001BOD1J5XK1CX76 
OAM Categories: 2.2. Inside information 
Sequence No.:   110080 
EQS News ID:    1205737 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1205737&application_name=news 
 

(END) Dow Jones Newswires

June 09, 2021 02:00 ET (06:00 GMT)

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