Custodian REIT PLC - Leicester, England-based real estate investment trust - Sells a 42,289 square feet car showroom in Stockport, England, for GBP9.0 million, 18% ahead of the June 30 valuation, representing a net initial yield of 6.7%. Doesn't name the buyer. The property is let to Williams BMW & Mini and was purchased by Custodian in July 2017 for GBP8.8 million.
Current stock price: 97.80 pence
Year-to-date change: up 11%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Cust Prop Inc (CREI)