Custodian REIT makes £3.65mln Winchester acquisition
The property investment firm has acquired two retail units at the heart of the Hampshire city
Company
Custodian Property Income REIT PLC
LON:CREI
Custodian Property Income REIT PLC aims to be the real estate investment trust of choice for private and institutional investors seeking high and stable dividends from well-diversified UK real estate. The company invests in a diverse portfolio of commercial real estate, principally characterised by individual property values of less than £15 million at acquisition.
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Custodian REIT acquires Scottish property for £7.49mln
The industrial facility is in Grangemouth, Scotland, and is leased to a sawmill for the next 18 years
Custodian REIT reports rise in NAV, dividend; well positioned for rental growth
The property investment company said its focus on smaller regional properties makes it “particularly well positioned” to see rental growth
Custodian REIT sells retail property for £1.3mln
The disposal forms part of the company's strategy of reducing exposure to secondary high street retail assets
Custodian REIT purchases new Homebase-occupied property in Norfolk retail park
"Well-located retail warehouses are complementary to online retailing and have remained in demand during the restructuring of the retail market and the COVID-19 pandemic”
Custodian recovery led by industrial and logistics properties
Rental collection also improved to 95% from 91% six months ago
Custodian REIT hikes quarterly dividend target 10% after completing DRUM acquisition
Earnings and net asset value were both up in the past quarter
Custodian REIT takeover of Drum Income Plus poised for final green light
Everything should be ready to go by the time trading begins on Thursday
Custodian REIT sells property for 31% above June valuation
The sale price was £1.15mln ahead of the last valuation, representing a net initial yield of 5.8%
Custodian REIT acquires industrial unit near York
The unit is currently occupied by a distribution company and has a passing rent of £186,000 per year
Custodian REIT agrees £21mln takeover of Drum Income regional real estate trust
The acquisition is expected to enhance earnings and dividend cover in the first full year of ownership
Custodian REIT picks up Manchester city centre office property for £6.25mln
The 20,012 square-foot building is a short walk from Oxford Road station (pictured)
Custodian REIT acquires Dundee warehouse for £1.9mln
The unit is close to the A90 and occupied by Menzies Distribution Limited
Custodian REIT sells retail warehouse unit above book price
The disposal crystallises a significant profit on a unit with a relatively short weighted average unexpired lease term
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Custodian REIT unveils potential bid for Drum Income Plus REIT
Under the possible offer, Drum Income investors will receive 0.535 Custodian REIT shares for each share they hold in the firm, giving it a total value of around £21.6mln
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Custodian REIT sells industrial properties at premium to book value
On completion, the disposals will add 0.5p to the 30 June 2021 NAV per share
Custodian REIT says vast majority of tenants meeting their rental commitments
At 30 June 2021, the company's property portfolio comprised 159 assets with a net initial yield of 6.4%
Custodian REIT books profit on nursery property sale
The property was part of the initial portfolio acquired on its admission to the London Stock Exchange in 2014