Custodian REIT plc (CREI) 
Custodian REIT plc : Purchase of Property 
 
30-Nov-2020 / 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. 
 
            30 November 2020 
 
      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 four industrial units covering an aggregate 23,250 
  sq ft on Hilton Business Park, Derby, one mile from the A50 which connects 
the M1 and M6. The units are occupied by M P Bio Science, Shakespeare Pharma 
  and Jangala Softplay with a weighted average unexpired term to first break 
            or expiry of 2.0 years. 
 
The units have an aggregate passing rent of GBP134,065 per annum, reflecting a 
            net initial yield1 of 6.39%. 
 
   The agreed purchase price of GBP1.975 million was funded from the Company's 
 existing cash resources, resulting in net gearing2 increasing to 24.1% 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 this modern industrial asset at an 
       attractive yield. This acquisition pre-emptively deploys the disposal 
   proceeds from some smaller retail asset sales expected to complete during 
      December 2020, providing the Company with more potential for long-term 
            rental growth." 
 
    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 / Nathan         Tel: +44 (0)116 240 8740 
Imlach / Ian Mattioli MBE 
                                    www.custodiancapital.com [1] 
 
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 [2] and 
            www.custodiancapital.com [1]. 
 
ISIN:           GB00BJFLFT45 
Category Code:  MSCU 
TIDM:           CREI 
LEI Code:       2138001BOD1J5XK1CX76 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   88697 
EQS News ID:    1151311 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c24dec6d0ea6c746569ddd52de0eca8d&application_id=1151311&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=44eae66ce326b2005a19503bbab5faed&application_id=1151311&site_id=vwd&application_name=news

(END) Dow Jones Newswires

November 30, 2020 02:00 ET (07:00 GMT)