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Pin to quick picksCust Prop Inc Share News (CREI)

Share Price Information for Cust Prop Inc (CREI)

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Share Price: 72.00
Bid: 71.50
Ask: 71.80
Change: -0.10 (-0.14%)
Spread: 0.30 (0.42%)
Open: 70.90
High: 72.20
Low: 70.10
Prev. Close: 72.10
CREI Live PriceLast checked at -
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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TRADING UPDATES: Sanderson Selfridges deal; Cazoo ups Forward Partners

Wed, 01st Sep 2021 20:56

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday and not separately reported by Alliance News:

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Forward Partners Group PLC - venture capital firm - Reports GBP3.7 million increase in portfolio value after online car retailer Cazoo successfully merged with a special purpose acquisition company to list in New York. Value of holding in Cazoo rose to GBP6.7 million from GBP3.0 million at the end of March.

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Sanderson Design Group PLC - Buckinghamshire-based interior furnishings company - Announces online launch of Archive by Sanderson Design brand. Brand's goods will be sold on dedicated website as well as through partnership with high-end retailer Selfridges & Co.

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Drum Income Plus REIT PLC - real estate investor, primarily in the office, retail and industrial sectors - Says real estate investment trust Custodian REIT PLC has until September 20 to decide whether or not to make firm offer for Drum. In August, Drum said it was in talks for possible all-share takeover offer from Custodian. Proposed deal would see ratio of 0.535 of a Custodian share exchanged for each Drum Income share, giving an implied value for Drum Income of GBP21.6 million.

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MobilityOne Ltd - e-commerce infrastructure payments and platform provider - Says UK unit M-One Tech Ltd applies for authorisation as an electronic money institution with Financial Conduct Authority. "This includes the use of e-wallets for payments of purchases or transferring funds to/from other parties within the e-money ecosystem, both of which are areas in which the group already has operational experience in Malaysia," MobilityOne says. "The decision from the FCA in respect of the submitted application is expected to be received in the second quarter of 2022 and, if approved, the group will be able to expand its business activities into the UK."

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Curzon Energy PLC - company which invests in US based natural gas projects - Says Poseidon Enhanced Technologies has secured a further extension of the existing exclusivity period through October 1. Back in February, Curzon entered an initial period of exclusivity with Poseidon - which aims to convert waste virgin polyethylene terephthalate produced from crude oil and plastic into recycled feedstock for the packaging and fibre industries - in which both companies will conduct due diligence on each other.

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San Leon Energy PLC - Dublin-based oil and gas exploration company - Enters into subscription pact with Decklar Petroleum Ltd. San Leon will be entitled to purchase USD7.5 million of 10% unsecured subordinated loan notes and 15% of the enlarged share capital of Decklar Petroleum.

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IGas Energy PLC - oil and gas producer onshore in UK - Albury and Bletchingley hydrogen projects planning applications submitted to Surrey County Council.

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Phoenix Copper Ltd - British Virgin Islands-based base and precious metals production and exploration company - Receives results from hole KXD21-02 at Empire mine in Idaho. Chief Executive Ryan McDermott says: "I am pleased to announce that the drill hole not only intercepted high-grade copper, silver, gold, lead and zinc in the sulphide zone, but also intersected good copper, gold, silver and zinc mineralization in the oxide zone from within the proposed copper oxide pit boundary, as it passed through the oxide zone into the sulphides."

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Trident Royalties PLC - mining royalty and streaming in "resource-friendly jurisdictions" worldwide, including Western Australia - Acquires net smelter return royalty for production at Lincoln gold mine, California. Trident enters into deal with Seduli Sutter Operations Corp. "Seduli intends to utilise the royalty sale proceeds to finalise the restart of Stage 1 production at the Lincoln underground gold mine," Trident adds. Gets initial 1.5% net smelter return royalty, which then decreases to 0.75% once Trident receives USD3 million in royalty payments.

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Critical Metals PLC - Africa-focused natural resources investor - Updates on acquisition of majority stake in Mauritius-based Madini Occidental Ltd. Says competent persons report has been prepared for Molulu project in Democratic Republic of the Congo and the audit and conversion of the Madini Occidental accounts into an IFRS compliant format progressing. Critical Metals adds: "All key advisers have been engaged and workstreams in relation to due diligence and application for readmission to trading on the Standard List, including the preparation of a prospectus, are underway."

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Plant Health Care PLC - agriculture products firm based in North Carolina - Says Harpin Ab approved in Argentina as a seed treatment. Notes corn and soybeans first crops to receive approval for Harpin Ab treatment. Plant Health says: "Argentina has 24 million hectares of corn and soybeans planted in the current season. Growers spent more than USD100 million on soybean seed treatments in Argentina in the most recent season. The size of the biological market in soybeans is growing rapidly and was about USD75 million in 2021."

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Oxford Metrics PLC - software company servicing infrastructure, life sciences, entertainment and engineering markets - Acquires Kempten, Germany-based movement analysis firm Contemplas GmbH for GBP1.1 million. Contemplas boasts a dominant position in swimming, according to Oxford Metrics, opening a new addressable market. Company explains: "The need for markerless measurement for quick use cases such as a swimming race or sprint start analysis is on the rise, providing the group with growth opportunities to explore."

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Futura Medical PLC - Guilford, England-based drug manufacturer - Enters into licensing pact with m8 Pharmaceuticals Inc for commercialisation of Futura's MED3000 erectile dysfunction treatment in Brazil and Mexico. Futura will receive payments for all MED3000 sales from m8. Company adds: "Futura also eligible to receive up to USD8.5 million in milestone payments based on deliverable sales volumes, including a small initial upfront payment."

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Haydale Graphene Industries PLC - Ammanford, Wales-based nanomaterial producer - Agrees USD200,000 loan from US Small Business Administration. Loan carries 3.75% annual interest.

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Lords Group Trading PLC - distributor of building, plumbing, heating and DIY goods - Acquires Nu-line Builders Merchants Ltd site in London for GBP600,000. Nu-line operates sites in Westbourne Park Road and Malton Road, both around Notting Hill, London. "Under the transaction, Lords will be assigned the Malton Road property leases and will take on circa 25 of Nu-Line's current employees. The group intends to relocate a number of product categories to the Malton Branch from the Nu-line Westbourne Park Road, which is ceasing to trade ahead of being sold for redevelopment by the vendor," Lords says.

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Zenova Group PLC - fire safety products firm - Appoints Keswick Enterprises Group Ltd as global distributor. Keswick will offer Zenova logistics support and a "complete supply chain where required". "This is a key milestone in Zenova's growth strategy. Working together with Keswick will ensure that an efficient and cost-effective service will be provided to our developing base of customers around the world," Zenova Chief Executive Tony Crawley says.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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13 Mar 2024 14:29

Custodian amends terms and reaffirms commitment to abrdn merger

(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday.

Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.

In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.

Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.

On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".

The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000.

Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.

Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".

Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.

In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.

Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Feb 2024 09:21

Urban Logistics given March deadline for making API decision

(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd.

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22 Feb 2024 14:23

UK dividends calendar - next 7 days

Friday 23 February 
abrdn Asian Income Fund Ltddividend payment date
abrdn Property Income Trust Ltddividend payment date
Capital Gearing Trust PLCspecial dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Ferrexpo PLCdividend payment date
Foresight Solar Fund Ltddividend payment date
Games Workshop Group PLCdividend payment date
Gooch & Housego PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
Impellam Group PLCspecial dividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Propertiesdividend payment date
RWS Holdings PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Victrex PLCdividend payment date
Monday 26 February 
Dewhurst Group PLCdividend payment date
JPMorgan Mid Cap Investment Trust PLCdividend payment date
Tuesday 27 February 
JPMorgan UK Smaller Cos Investment Trust PLCdividend payment date
Wednesday 28 February 
Canadian General Investments Ltdex-dividend payment date
CQS New City High Yield Fund Ltddividend payment date
PetroTal Corpex-dividend payment date
Thursday 29 February 
abrdn Equity Income Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
Ashmore Group PLCex-dividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Barclays PLCex-dividend payment date
Brunner Investment Trust PLCex-dividend payment date
City of London Investment Group PLCex-dividend payment date
City of London Investment Trust PLCdividend payment date
Compass Group PLCdividend payment date
Custodian Property Income REIT PLCdividend payment date
Diageo PLCex-dividend payment date
Diverse Income Trust PLCdividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Driver Group PLCex-dividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Fair Oaks Income Ltdex-dividend payment date
Fair Oaks Income Ltd Realisation ex-dividend payment date
Gabelli Merger Plus+ Trust PLCex-dividend payment date
Genus PLCex-dividend payment date
Greencoat UK Wind PLCdividend payment date
Hargreaves Lansdown PLCex-dividend payment date
Hays PLCex-dividend payment date
Henderson International Income Trust PLCdividend payment date
HICL Infrastructure PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
LondonMetric Property PLCex-dividend payment date
MJ Gleeson PLCex-dividend payment date
Mobeus Income & Growth 2 VCT PLCex-dividend payment date
NB Private Equity Partners Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCex-dividend payment date
Picton Property Income Ltddividend payment date
Plus500 Ltdex-dividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Regional REIT Ltdex-dividend payment date
Riverstone Credit Opportunities Income PLCex-dividend payment date
Scottish American Investment Co PLCex-dividend payment date
Sequoia Economic Infrastructure Inc Fund Ltddividend payment date
SSP Group PLCdividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltddividend payment date
Tharisa PLCex-dividend payment date
UK Commercial Property REIT Ltddividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Wilmington PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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20 Feb 2024 13:55

UK shareholder meetings calendar - next 7 days

Wednesday 21 February 
Foresight Sustainable Forestry Co PLCAGM
Gooch & Housego PLCAGM
Tharisa PLCAGM
Thursday 22 February 
Bankers Investment Trust PLCAGM
Narf Industries PLCAGM
RWS Holdings PLCAGM
Sunrise Resources PLCAGM
Friday 23 February 
Blencowe Resources PLCAGM
Bluebird Merchant Ventures LtdAGM
Caledonian Trust PLCAGM
Chemring Group PLCAGM
Marble Point Loan Financing LtdEGM
Monday 26 February 
Oncimmune Holdings PLCAGM
Tuesday 27 February 
abrdn Diversified Income & Growth PLCAGM
Asian Energy Impact Trust PLCGM re annual accounts
Custodian Property Income REIT PLCGM re merger with abrdn Property Income Trust Ltd
JPMorgan Mid Cap Investment Trust PLCGM 2nd re merger with JPMorgan Mid Cap
LondonMetric Property PLCGM re merger with LXi REIT Plc
Victorian Plumbing Group PLCAGM
Vinanz LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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13 Feb 2024 19:46

IN BRIEF: Custodian Property Income non-executive directors buy shares

Custodian Property Income REIT PLC - London-based investor in smaller regional UK properties - Non-Executive Director David MacLellan buys 144,500 shares, worth GBP101,000. Non-Executive Director Chris Ireland buys 72,155 shares, worth GBP50,000. Non-Executive Director Malcolm Cooper buys 70,300 shares, worth GBP50,000.

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12 Feb 2024 08:23

TOP NEWS: FTSE 250 property firms agree merger in latest consolidation

(Alliance News) - Tritax Big Box REIT PLC on Monday said UK Commercial Property REIT Ltd has agreed to an all-share takeover offer to create the UK's fourth largest real estate investment trust by market capitalisation, at nearly GBP4 billion.

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7 Feb 2024 10:39

TRADING UPDATES: Inteligo stock enters US market, Kenmare gets new RCF

(Alliance News) - The following is a round-up of trading updates for London-listed companies, issued on Monday, Tuesday and Wednesday, and not separately reported by Alliance News:

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22 Jan 2024 12:03

In BRIEF: Custodian Property Income sells industrial unit at premium

Custodian Property Income REIT PLC - Leicester, England-based real estate investment trust focused on smaller, regional properties - Sells industrial unit in Milton Keynes for GBP8.0 million, a 9.5% premium to the September 30 valuation. Richard Shepherd-Cross, managing director of the company's external fund manager says: "During our nine years of ownership, we were able to generate a healthy and growing level of income from this asset. We made the decision to crystallise a profit for our shareholders, and we expect to use the sale proceeds towards repaying the company's existing revolving debt facility. This will further reduce our interest costs and allow the company to fund future improvements to the remaining portfolio."

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19 Jan 2024 16:57

CORRECT: European stocks toil; bullish trade in New York

(Correcting index and share price moves.)

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19 Jan 2024 16:53

LONDON MARKET CLOSE: European stocks toil; bullish trade in New York

(Alliance News) - London's FTSE 100 ended with a minor gain on Friday, but registered its third-successive weekly loss, as investors dialled back their US interest rate cut bets on the back of robust recent data.

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19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

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19 Jan 2024 11:59

IN BRIEF: Mattioli Woods hails potential Custodian-abrdn REIT merger

Mattioli Woods PLC - Leicester, England-based specialist wealth and asset management business - Notes the proposed merger of Custodian Property Income REIT PLC and abrdn Property Income Trust Ltd. A subsidiary of Mattioli Woods, Custodian Capital Limited, serves as an investment manager to Custodian Property, and the company said that it will continue to act for the enlarged real estate investment trust following completion of the merger. Mattioli claims the merger would create a combined portfolio of over 200 assets worth around GBP1.0 billion, which has the potential to increase the annual revenues for its subsidiary by around GBP1.7 million.

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19 Jan 2024 10:47

Abrdn Property Income Trust agrees merger with Custodian Property Income

(Sharecast News) - Abrdn Property Income Trust (API) announced a recommended all-share merger agreement with Custodian Property Income REIT (CREI) on Friday.

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19 Jan 2024 09:59

SMALL-CAP WINNERS & LOSERS: Wincanton surges on French takeover offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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19 Jan 2024 08:42

TOP NEWS: Another abrdn trust absorbed in Custodian Property merger

(Alliance News) - Custodian Property Income REIT PLC and abrdn Property Income Trust Ltd on Friday said they have agreed to an all-share merger to create a real estate investment trust with combined assets of GBP1.0 billion.

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