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Share Price: 74.50

Bid: 73.70

Ask: 74.50

Change: -0.40 (-0.53%)

Spread: 0.80 (1.085%)

Open: 74.50

High: 74.50

Low: 74.50

Prev. Close: 74.90

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Custodian REIT is an Investment Trust

To provide shareholders with an attractive level of income together with the potential for capital growth from investing in a diversified portfolio of commercial real estate properties in the UK.

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IN BRIEF: Custodian Property Income sells car showroom for 15% premium

Wed, 10th Apr 2024 10:08

Custodian Property Income REIT PLC - real estate investment trust focused on UK commercial property - Sells vacant car showroom in Redhill, Surrey for about GBP2.4 million, a 15% premium to the December 31 valuation. Managing Director Richard Shepherd-Cross says: "Having initially considered refurbishing and reletting the asset, strong demand for the site from residential developers became apparent during the marketing period and disposing ahead of valuation to fund improvements to the remaining portfolio was deemed more accretive to shareholders."

Current stock price: 80.60 pence each, 1.3% higher on Wednesday morning in London

12-month change: down 12%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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Custodian sells Wetherspoon pub for 12.8pc premium

(ShareCast News) - UK property investment company Custodian announced the disposal of a property from its portfolio on Thursday. The London-listed real estate investment trust sold a 22,286 sq ft public house on Palmerston Road, Southsea for £1.67m - £0.19m ahead of the 31 December 2016 valuation.

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IN BRIEF: Custodian Property Income sells car showroom for 15% premium

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