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FTSE 100 finishes in red as China growth worries hit global equities
Top laggard on Footsie was oil services giant Wood Group, which shed 4.09% to 524.80p
Company
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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Top laggard on Footsie was oil services giant Wood Group, which shed 4.09% to 524.80p
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
The property investment firm said it had purchased the 14,926 square foot site for £2.36mln
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At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, including Metals Exploration, Strategic Minerals, Challenger Acquisitions, Gresham Technologies and Countrywide
Property market conditions restricted the REIT's ability to acquire properties that meet its strategy at a sufficient rate to satisfy the demand for new equity issuance; as a result, new issuance was limited which, in turn, saw the company'
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Footsie closed down 217 points today to 6,704, with 7,000 now seemingly a distant memory. .
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Ted Baker and DS Smith are likely to be the highlights of Thursday's schedule.
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A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A look at the day's major movers, featuring Surface Transforms, Consort Medical, Tekmar, Argo Blockchain and IXICO.
The property investment trust said it had acquired the park, which comprises three units occupied by B&Q, Halfords and Sports Direct, for £10.8mln
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The UK index of leading shares finished down over 39 points lower at 7,022.
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Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's rippers & kippers, including Centaur Media, Kromek Group, Active Energy, Haydale Graphene, Pipehawk, Mears Group, Rockfire Resources and Greatland Gold
Custodian REIT targets sub-£10 million lot size, regional properties
The chief negotiator for the EU, Michel Barnier, has proposed extending the transition period for the UK to leave the bloc until as late as 2022. Theresa May said she was not keen on the idea
“No properties inside the M25, with one or two minor exceptions,” says Richard Shepherd-Cross, managing director of the REIT's investment management arm