Custodian REIT Acquires £11.0m Property Portfolio with Strategic Share-Based Deal

Custodian Property Income REIT plc has announced the acquisition of an £11.0m property portfolio from eight syndicated investment vehicles. This marks their first acquisition from syndicated vehicles and is the fourth transaction leveraging a majority share-based strategy. The deal is structured to address succession challenges and reinforces Custodian's scalable acquisition model.

The acquired portfolio comprises eight fully occupied retail and industrial properties, primarily in the East Midlands, generating an annual rent of £0.8m. With the issue of 10.6m new shares and £0.4m in cash, Custodian enhances its tenant diversity and targets a 25% loan-to-value ratio. Investors benefit from a liquid, managed alternative while retaining real estate exposure.

The strategic move is designed to stabilize net gearing and enrich earnings per share. Custodian continues to bridge the gap for property syndicates facing liquidity and compliance burdens with its innovative approach.