Proactiveinvestors Australia Custodian REIT https://www.proactiveinvestors.com.au Proactiveinvestors Australia Custodian REIT RSS feed en Thu, 20 Jun 2019 21:49:07 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Custodian REIT purchases car dealership site yielding 6.75% ]]> https://www.proactiveinvestors.com.au/companies/news/201712/custodian-reit-purchases-car-dealership-site-yielding-675-201712.html UK property company Custodian REIT PLC (LON:CREI) has purchased a car dealership in the Shrewsbury area for £1.67mln.

The 16,770 square feet car dealership is on Battlefield Enterprise Park, Shrewsbury's premier car sales location, four miles from the town centre and five miles from the busy A6 that links Shrewsbury to the West Midlands. Nearby occupiers include Audi, Volkswagen, BMW, Mercedes-Benz, Renault and Ford, Custodian said.

READ: Custodian REIT has cranked rents up by 19% on average over the last year

The property is let to TJ Vickers and Sons Limited on a lease expiring on 31 September 2025 with a current passing rent of £120,000 per annum, reflecting a net initial yield of 6.75%.

“The company has exchanged contracts to acquire an adjacent Audi dealership, which will create economies of scale in managing both properties and assist with any future asset management," said Richard Shepherd-Cross, the managing director of Custodian’s discretionary investment manager.

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Fri, 27 Jul 2018 07:32:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201712/custodian-reit-purchases-car-dealership-site-yielding-675-201712.html
<![CDATA[News - Custodian REIT has cranked rents up by 19% on average over the last year ]]> https://www.proactiveinvestors.com.au/companies/news/201416/custodian-reit-has-cranked-rents-up-by-19-on-average-over-the-last-year-201416.html Custodian REIT PLC (LON:CREI) saw its net asset value per share (NAV) climb to 107.8p at the end of the second quarter.

The NAV started the quarter at 107.3p. With a dividend of 1.6375p approved for the period, the NAV total return per share for the quarter was 2.0%.

READ: Custodian REIT sells town centre retail unit in Dumfries

In the absence of unforeseen circumstances, the board intends to pay quarterly dividends to achieve a target dividend per share for the year ending 31 March 2019 of 6.55p (2018: 6.45p) but stressed this is an ambition, not a profit forecast.

The real estate investment trust (REIT) remains keen on investing in industrial property but demand has pushed prices up, limiting the number of investment opportunities that the group deemed good value.

Office rents in regional markets are still growing and supply is constrained by a lack of development and the extensive conversion of secondary offices to residential, Custodian said.

Industrial sector favoured

"Investment market activity in the second quarter of 2018 has continued unabated with institutional investors keen to deploy funds into commercial property, maintaining prevailing yields at near record lows,” said Richard Shepherd-Cross, the managing director of Custodian Capital Limited, the company’s discretionary investment manager.

“I believe the general consensus is that industrial is the preferred sector with retail the least favoured, but this conceals a much more complex picture where the characteristics of individual assets rather than a sector focus is ever more important.

"Strong occupational demand is resulting in rental growth and by maintaining a high level of occupancy we are able to deliver performance in the portfolio which we will seek to continue in the months ahead. Across the 17 rent reviews completed in the last 12 months, we have been able to deliver 19% average rental increases. We will continue to focus on proactive asset management with our tenants on lease extensions, the removal of breaks and securing of lease renewals. We expect these initiatives to continue to enhance NAV,” he added.

Real estate investment trusts (REITs) offer tax-efficient exposure to the real estate market. At the trust level, REITs are tax exempt provided they pay at least 90% of their profits to shareholders, while investors must pay ordinary income tax on their dividends and on shares...

— Nhlanhla Nxumalo (@real88nhlanhla) July 24, 2018

Shepherd-Cross said a lack of supply is causing near-record low yields while the market appetite for industrial assets and for properties let on long leases – particularly those with inflation-linked rents – are driving the strongest prices.

“This scenario has caused us to look to the motor trade, offices and drive-through restaurants to try to find 'value', currently with a £21.5mln pipeline of properties under offer; however, these sectors are not without their risks, therefore a cautious approach to stock selection and sub-sector exposure has been paramount,” he said.

Shares in Custodian REIT were unchanged in early trading.

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Tue, 24 Jul 2018 08:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201416/custodian-reit-has-cranked-rents-up-by-19-on-average-over-the-last-year-201416.html
<![CDATA[News - Custodian REIT sells town centre retail unit in Dumfries ]]> https://www.proactiveinvestors.com.au/companies/news/200659/custodian-reit-sells-town-centre-retail-unit-in-dumfries-200659.html Custodian REIT PLC (LON:CREI) has sold a 20,424 square foot town centre retail unit in Dumfries for £1.125mln.

The UK property investment company said the sale price was in line with the 30 June 2018 valuation.

READ: Custodian REIT PLC sees profits increase as portfolio value rises

The real estate investment trust (REIT) intends to use the proceeds from the disposal to fund acquisitions better aligned with its stated investment strategy.

"Despite a good location within the town let to a strong tenant, we anticipate minimal opportunities for future rental growth and believe the disposal proceeds can be redeployed on property with better income and capital growth prospects," said Richard Shepherd-Cross, the managing director of Custodian Capital, which is the REIT's external fund manager.

Shares in Custodian were unchanged in early deals.

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Thu, 12 Jul 2018 08:27:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200659/custodian-reit-sells-town-centre-retail-unit-in-dumfries-200659.html
<![CDATA[News - Custodian REIT benefits from portfolio spread across the UK ]]> https://www.proactiveinvestors.com.au/companies/news/198694/custodian-reit-benefits-from-portfolio-spread-across-the-uk-198694.html Custodian REIT PLC (LON:CREI) pays one of the highest fully-covered dividends amongst its peer group of listed property investment companies.

On a forecast dividend of 6.55p for the year to end next March, the yield is 5.4%, while the shares trade at a premium to asset value of about 13%.

What also sets it apart from its peers, is that the trust targets properties outside London, where there is less competition, priced at less than £10mln.

WATCH: Custodian REIT enjoys another solid year with 'strong, steady returns'

“No properties inside the M25, with one or two minor exceptions,” says Richard Shepherd-Cross, managing director of the trust’s manager, Custodian Capital.

Custodian’s portfolio is weighted towards the industrial sector and split between industrial, retail, office and other properties.

Shareholder returns were strong in the year to March just ended, with NAV per share total return of 9.6% (2017: 8.5%).

Competitive property market

Shepherd-Cross says the UK commercial property market is characterised by a very tight supply of investment opportunities and strong demand.

This has led to strong competition, particularly for industrial/logistic assets and properties let on long leases.

Profits increase, portfolio value rises

The portfolio value rose to £528.9mln, from £418.5mln last year, with a total of £106.3mln invested on 20 acquisitions, one ongoing pre-let development and one significant refurbishment.

“Market demand has polarised, moving away from high street retail and focusing on industrial/logistics assets and properties let on long leases, particularly those with rents indexed to inflation.”

Very low levels of development for 10 years have resulted in low levels of modern vacant real estate.

In the regions, industrial and office rents have been growing since 2016 and while the rate of growth may be slowing there remain a large number of regional assets with latent rental growth.

Healthy rent increases

The trust settled 17 rent reviews over the past year showing increases ranging from 2% to 87% with an 18% average.

Much of the growth came from the industrial sector, with 12 rent reviews, while there were three retail rental uplifts.

So far, the trust has been largely unaffected by company voluntary arrangements (CVAs), though one Carpetright store was subject to a CVA.

Custodian’s largest tenant though represents just 3.2% of the total rent roll.

Shepherd-Cross says the trust is conscious of possible bubbles forming in certain sections of the property market but believes Custodian’s portfolio is ‘insulated from the worst excesses of market pricing’.

“The spread of income and diversification of property by sector and location that has resulted from portfolio growth stands the Company in good stead to deliver increases in fully covered dividends and to support strong shareholder total returns.”

At 120.8p, Custodian has a market value of £467mln.

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Tue, 12 Jun 2018 11:49:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198694/custodian-reit-benefits-from-portfolio-spread-across-the-uk-198694.html
<![CDATA[Media files - Custodian REIT enjoys another solid year with 'strong, steady returns' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/9464/custodian-reit-enjoys-another-solid-year-with-strong-steady-returns--9464.html Wed, 06 Jun 2018 12:29:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/9464/custodian-reit-enjoys-another-solid-year-with-strong-steady-returns--9464.html <![CDATA[News - Custodian REIT PLC sees profits increase as portfolio value rises; hikes dividends ]]> https://www.proactiveinvestors.com.au/companies/news/198241/custodian-reit-plc-sees-profits-increase-as-portfolio-value-rises-hikes-dividends-198241.html Custodian REIT PLC (LON:CREI) has reported a 34% increase in full-year profit, driven by increases in its portfolio and net asset values and raised its dividend, targeting another payout increase in the current year.

Reporting results for the year ended 31 March 2018, the UK commercial and real estate investment company said its profit after tax jumped by 34% to £32.4mln, up from £24.2mln a year earlier, as its portfolio value rose to £528.9mln from £418.5mln.

WATCH:Custodian REIT enjoys another solid year with 'strong, steady returns'

The group continued to deliver strong shareholder returns with net asset value (NAV) per share increasing by 9.6% on a total return basis, compared to 8.5% a year ago.

Custodian REIT said it invested a total of £106.3mln on the completion of 20 acquisitions, one ongoing pre-let development and one significant refurbishment, funded principally by £54.7mln raised from the issue of new shares and £50mln of new term debt.

The company is paying a full-year dividend per share of 6.45p, up from 6.35p in the previous year, and raised its 2019 target dividend per share for the current year to 6.55p.

David Hunter, Custodian REIT's chairman said: “The strength of the occupational market represents an exciting opportunity and rental growth at lease renewal and rent review remains robust.”

He added: “We are confident we can maintain occupancy levels, which in turn will sustain our policy of paying a growing and fully-covered dividend to shareholders.”

In mid-morning trading, Custodian REIT shares were 2% lower at 119.2p.

 -- Adds share price --

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Tue, 05 Jun 2018 07:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198241/custodian-reit-plc-sees-profits-increase-as-portfolio-value-rises-hikes-dividends-198241.html
<![CDATA[News - Custodian REIT acquires health and fitness centre in Lincoln ]]> https://www.proactiveinvestors.com.au/companies/news/198158/custodian-reit-acquires-health-and-fitness-centre-in-lincoln-198158.html Custodian REIT PLC (LON:CREI) has announced the acquisition of health and fitness centre in Lincoln, with agreed purchase price of £4.3mln.

The UK property investment company has acquired a 77,242sq feet health and business centre, prominently located on the A46 within a leading mixed-use, out-of-town scheme with businesses in the immediate vicinity including Ibis Hotel, Fayre&Square and Frankie&Benny’s.

READ: Custodian REIT sells its Stourbridge property for £2.25mln

Custodian REIT said the unit is let to Total Fitness Health Clubs Limited on a lease expiring on 22 June 2040, subject to a tenant-only break on 22 June 2035. Current passing rent is £350,000 per annum, reflecting a net initial yield of 7.64%.

The company said the agreed purchase price of £4.3mln was funded from its existing debt resources, resulting in net gearing increasing to 22.4% loan to value.

Richard Shepherd-Cross, managing director of the company, said: “We are delighted to have acquired this high specification, purpose-built health and fitness centre in an established and prominent location with an unexpired lease term to first break of 17 years.”

He added: “The tenant has recently undertaken an extensive internal refurbishment, highlighting its confidence in the continued performance of the location.” 

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Mon, 04 Jun 2018 07:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198158/custodian-reit-acquires-health-and-fitness-centre-in-lincoln-198158.html
<![CDATA[News - Custodian REIT sells its Stourbridge property for £2.25mln ]]> https://www.proactiveinvestors.com.au/companies/news/196530/custodian-reit-sells-its-stourbridge-property-for-225mln-196530.html Custodian REIT PLC (LON:CREI) has announced the disposal of a 15,229 sq feet five-unit retail development in Stourbridge for £2.25mln, in line with the 31 March 2018 valuation.

The UK property investment company said the property was part of the initial portfolio acquired on the company’s admission to the London Stock Exchange in 2014.

READ: Custodian REIT raises dividend target, says property market is competitive

Custodian REIT said it intends to use the proceeds from the disposal to fund acquisitions better aligned to its stated investment strategy.

Richard Shepherd-Cross, managing director of Custodian Capital Limited, said: “We believe this asset is no longer aligned with the strategy of the company.”

He added: “While the property has delivered consistent cash flow from excellent tenants, supporting the dividend policy, we are not confident of future rental growth potential and believe disposal proceeds can be redeployed on property with greater prospects for income and capital growth.”

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Tue, 08 May 2018 08:10:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196530/custodian-reit-sells-its-stourbridge-property-for-225mln-196530.html
<![CDATA[News - Custodian REIT raises dividend target, says property market is competitive ]]> https://www.proactiveinvestors.com.au/companies/news/195684/custodian-reit-raises-dividend-target-says-property-market-is-competitive-195684.html Custodian REIT PLC (LON:CREI) said the UK commercial property market has become characterised by a very tight supply of investment opportunities and strong demand.

Richard Shepherd-Cross, the trust's managing director, said this has led to strong competition, particularly for industrial/logistics assets and properties let on long leases.

READ: Custodian REIT happy to keep property portfolio small and perfectly formed

He said: “We believe the market is over-pricing some assets and have taken a cautious approach to acquisition through the period.”

However, Shepherd-Cross said he remained hopeful that an increase in the supply of investment opportunities will see the market settle back to a more sustainable level.

Shepherd-Cross described the occupational market as ‘robust’ and said: “It is this robustness that will continue to drive performance in the portfolio and maintain occupancy levels, which in turn will sustain cash flow and support our policy of paying fully covered dividends.”

Custodian's target dividend per share for the year ending 31 March 2019 was increased to 6.55p from 6.46p.

Net asset value (NAV) per share increased to 107.3p from 106p in the year just ended on total assets of 415.2mln.

In late afternoon trading, company's shares were up 0.6% at 118.6p.

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Tue, 24 Apr 2018 15:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/195684/custodian-reit-raises-dividend-target-says-property-market-is-competitive-195684.html
<![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171219070003_13470049/ Tue, 19 Dec 2017 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171219070003_13470049/ <![CDATA[RNS press release - TR-1 notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171207094414_13457336/ Thu, 07 Dec 2017 20:44:14 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171207094414_13457336/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171205171104_13455020/ Wed, 06 Dec 2017 04:11:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171205171104_13455020/ <![CDATA[RNS press release - Disposal of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171205070004_13453622/ Tue, 05 Dec 2017 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171205070004_13453622/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171130163120_13449926/ Fri, 01 Dec 2017 03:31:20 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171130163120_13449926/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171129152111_13448176/ Thu, 30 Nov 2017 02:21:11 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171129152111_13448176/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171124070003_13442664/ Fri, 24 Nov 2017 18:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171124070003_13442664/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171122165305_13440961/ Thu, 23 Nov 2017 03:53:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171122165305_13440961/ <![CDATA[RNS press release - Block listing ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171122070005_13439742/ Wed, 22 Nov 2017 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171122070005_13439742/ <![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171121070005_13438195/ Tue, 21 Nov 2017 18:00:05 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171121070005_13438195/ <![CDATA[RNS press release - Director Declaration ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171031165447_13415408/ Wed, 01 Nov 2017 03:54:47 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171031165447_13415408/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171031164943_13415398/ Wed, 01 Nov 2017 03:49:43 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171031164943_13415398/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171026130418_13410371/ Thu, 26 Oct 2017 23:04:18 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171026130418_13410371/ <![CDATA[RNS press release - Unaudited Net Asset Value as at 30 September 2017 ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171024070004_13406305/ Tue, 24 Oct 2017 17:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171024070004_13406305/ <![CDATA[News - Custodian REIT happy to keep property portfolio small and perfectly formed ]]> https://www.proactiveinvestors.com.au/companies/news/185665/custodian-reit-happy-to-keep-property-portfolio-small-and-perfectly-formed-185665.html Richard Shepherd-Cross, who manages the Custodian Real Estate Investment Trust PLC (LON:CREI) has much to be cheerful about.

Custodian currently has 140 properties spread across the UK from Edinburgh to Plymouth and Shepherd-Cross is optimistic for the prospects for UK property.

WATCH: Income is the main focus for Custodian REIT

The trust has a regionally–based property portfolio not exposed to high levels of Brexit risks, is diversified and conservatively financed, he told Proactive.

The portfolio is weighted towards industrial and logistics with the balance split between, office, retail and retail warehousing. 

Favourable outlook

Structural issues in the market make the outlook favourable for UK provincial property, even with the uncertainty of a possible rise in interest rates.

“The market is being driven by a total lack of supply.”

Commercial property outside of London has emerged from an eight year recession, he explains, and as a consequence very little new property was built.

Rents have started to pick up but in many areas are yet to recover to a level where developers are prepared to build speculatively, so the demand/supply imbalance remains.

Tenants are now enquiring early about renewals, he adds and that’s largely because there are few alternatives.

For a property investor that’s an attractive scenario and one that is reflected in the impressive performance of the trust since it listed in 2014.

Originally part of the Mattioli Woods stable and still managed by Custodian Capital, a subsidiary of Mattioli Woods, Custodian has seen the value of the company rise to £425mln currently from £80mln.

Shepherd-Cross adds the trust has a predominately retail investor base and what they want are secure dividends.

Property and Income

“Our shareholders like property and want income.”

And he is equally clear that institutional benchmarks are of little relevance to his shareholders.

Retail investors don’t worry about things like discount to net assets, he says.

Rental income and the ability to cover the dividend are the key metrics.

“The right questions [for retail investors] are what properties am I investing in, what’s the dividend yield, what’s the level of gearing and what’s the chance of paying this dividend or higher next year.

And that is what drives the trust’s small property strategy.

Alongside the rise in the value of the portfolio, the annual dividend payment has grown to 6.45p per share from 5.25p since 2015, which gives a yield currently of 5.5%.

None of Custodian’s peers have matched this consistent growth, says Shepherd-Cross and driving this performance is the focus on sub-£10m, regional, commercial properties.

Custodian specialises on buildings with a value of between £2mln-10mln.

He quips he is often asked by fellow property managers when the trust is going to ‘grow up and start to buy proper-sized properties’.

The answer to that is probably never.

Higher returns for no additional risk

“[Through this strategy] we think we can find greater value and deliver a higher return for taking no additional risk,” he says.

At 116p, Custodian shares trade at premium of 11.5% over the last stated asset value of 103.8p.

To keep the premium within reasonable limits Custodian has made a number of small equity issues over the past year.

A situation where the premium gets so large that shareholders decide they might as well as bank three years of dividends is what the trust is trying to avoid, says Shepherd-Cross.

Which brings him back to the sub-£10m, regional property strategy.

 "Others [funds] have a higher risk property strategy or a higher level of gearing”

He points to the yield differential between large (£10m plus) and smaller (sub £10m) properties and says that for no additional risk Custodian can get a higher yield of up to 110 bp (1.1%) more.

“That’s why we can pay a higher dividend.”

 

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Tue, 17 Oct 2017 08:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185665/custodian-reit-happy-to-keep-property-portfolio-small-and-perfectly-formed-185665.html
<![CDATA[Media files - Income the main focus for Custodian REIT ]]> https://www.proactiveinvestors.com.au/companies/stocktube/8205/income-the-main-focus-for-custodian-reit-8205.html Mon, 09 Oct 2017 09:09:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/8205/income-the-main-focus-for-custodian-reit-8205.html <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171005070101_13386638/ Thu, 05 Oct 2017 17:01:01 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171005070101_13386638/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171005070002_13386516/ Thu, 05 Oct 2017 17:00:02 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171005070002_13386516/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171004105325_13385751/ Wed, 04 Oct 2017 20:53:25 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171004105325_13385751/ <![CDATA[RNS press release - Interim dividend ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171003100806_13383974/ Tue, 03 Oct 2017 20:08:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171003100806_13383974/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171003070003_13383363/ Tue, 03 Oct 2017 17:00:03 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171003070003_13383363/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171002122111_13382643/ Mon, 02 Oct 2017 22:21:11 +1100 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20171002122111_13382643/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170929155957_13381117/ Sat, 30 Sep 2017 00:59:57 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170929155957_13381117/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170921121241_13371164/ Thu, 21 Sep 2017 21:12:41 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170921121241_13371164/ <![CDATA[RNS press release - Disposal of Properties ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170918070003_13365291/ Mon, 18 Sep 2017 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170918070003_13365291/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170913141652_13361730/ Wed, 13 Sep 2017 23:16:52 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170913141652_13361730/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170907070002_13354370/ Thu, 07 Sep 2017 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170907070002_13354370/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170905110120_13352194/ Tue, 05 Sep 2017 20:01:20 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170905110120_13352194/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170831164435_13347940/ Fri, 01 Sep 2017 01:44:35 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170831164435_13347940/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170818101339_13334806/ Fri, 18 Aug 2017 19:13:39 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170818101339_13334806/ <![CDATA[RNS press release - Block listing Interim Review ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170809070004_13323642/ Wed, 09 Aug 2017 16:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170809070004_13323642/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170804110829_13319998/ Fri, 04 Aug 2017 20:08:29 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170804110829_13319998/ <![CDATA[RNS press release - TR-1: Notification of major holdings ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170803170230_13319013/ Fri, 04 Aug 2017 02:02:30 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170803170230_13319013/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170731172649_13313882/ Tue, 01 Aug 2017 02:26:49 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170731172649_13313882/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170728090016_13311204/ Fri, 28 Jul 2017 18:00:16 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170728090016_13311204/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170727143840_13310168/ Thu, 27 Jul 2017 23:38:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170727143840_13310168/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170726070002_13307368/ Wed, 26 Jul 2017 16:00:02 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170726070002_13307368/ <![CDATA[RNS press release - NAV Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170725070007_13305872/ Tue, 25 Jul 2017 16:00:07 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170725070007_13305872/ <![CDATA[RNS press release - Block Listing ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170724102001_13304904/ Mon, 24 Jul 2017 19:20:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170724102001_13304904/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170720150723_13302430/ Fri, 21 Jul 2017 00:07:23 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170720150723_13302430/ <![CDATA[RNS press release - Purchase of Property ]]> https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170718070006_13298113/ Tue, 18 Jul 2017 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/15959/LSE20170718070006_13298113/