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Custodian REIT PLC adds East London property to portfolio

Richard Shepherd-Cross, managing director of Custodian Capital Limited, the investment manager of Custodian REIT PLC (LON:CREI) discusses with Proactive's Andrew Scott the latest addition to the portfolio -  a property in the East End of London.

The real estate investment trust (REIT) has a high street unit on The Grove in Stratford, comprising a ground floor retail unit with an upper floor office suite. Nearby occupiers include Morrisons, Boots, Argos, Lidl and Nando's.

The property has a current passing rent of £150,935 a year, reflecting a net initial yield of 6.78%.

Quick facts: Custodian REIT

Price: 99 GBX

LSE:CREI
Market: LSE
Market Cap: £415.85 m
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on 17/1/20

2 min read