World News: 09:57 GMT Wednesday 15th May 2019. [EQS Group via SPi World News]
Custodian REIT plc (CREI)
15 May 2019
Custodian REIT plc
('Custodian REIT' or 'the Company')
Issue of equity
Custodian REIT (LSE: CREI), the UK commercial real estate investment company, announces that to satisfy continued investor demand, 500,000 new ordinary shares of 1 pence each in the capital of the Company ('the New Shares') were issued today under its ordinary share block listing facility. The New Shares were issued at 114.95 pence per share, raising £574,750 (before costs and expenses).
Following this issue, the Company's issued share capital comprises 400,203,344 ordinary shares.
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Notes to Editors
Custodian REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is principally characterised by properties with individual values of less than £10 million at acquisition.
The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By targeting sub £10 million lot size, regional properties, the Company intends to provide investors with an attractive level of income with the potential for capital growth.
Custodian Capital Limited is the discretionary investment manager of the Company.
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