Custodian REIT plc : Purchase of Property
Custodian REIT plc (CREI)
Custodian REIT plc
("Custodian REIT" or the "Company")
Purchase of Property
Custodian REIT (LSE: CREI), the
The Company has acquired Willow Court, a 22,545 sq ft office building on
The property comprises four floors let to RBS, Dehns,
The agreed purchase price of
Commenting on the acquisition,
"We are delighted to have secured this office building in a proven location with a strong tenant line-up. Due to local development restrictions office supply in the vicinity has a history of high demand. The modern and recently refurbished property also has potential asset management opportunities to enhance value and extend its income profile."
1 Passing rent divided by valuation plus estimated purchaser's costs.
2 Gross borrowings less cash (excluding tenant rental deposits and retentions) divided by last published property portfolio value.
For further information, please contact:
Notes to Editors
Custodian REIT plc is a
The Company offers investors the opportunity to access a diversified portfolio of
Custodian Capital Limited is the discretionary investment manager of the Company.
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Quick facts: Custodian REIT plc
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