Custodian REIT announces the disposal of a city centre office and retail unit in Edinburgh16 September 2019 Custodian REIT (LSE: CREI), the UK property investment company, is pleased to announce the disposal of a property from its portfolio. ** The Company has sold a 39,279 sq ft city centre office and retail unit in Edinburgh for £9.1 million¹, in line with the 30 June 2019 valuation, having acquired the property as part of a portfolio in January 2016. Following the disposal, net gearing² has decreased to 21.1%. Commenting on the disposal Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company’s external fund manager), said: “Following the completion of a refurbishment and various asset management initiatives, which increased the weighted average unexpired lease term to expiry to 8.7 years, we anticipated limited opportunities for future rental growth and believe the disposal proceeds can be redeployed on property with better income and capital growth prospects.” ¹ Before rent top-ups and cost guarantees relating to vacant space of circa £0.3 million. © 2019 | Latest News05 Feb 2025 Diversified strategy, strong leasing and active asset management continue to drive income growth 05 Dec 2024 Active management of diversified portfolio underpins earnings growth and fully covered dividend 07 Nov 2024 Strong leasing outcomes continue to drive income growth 31 Oct 2024 Custodian Property Income REIT sells office unit at 33% premium to valuation 17 Sep 2024 
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