HOME ABOUT US PROPERTY PORTFOLIO ESG NEWS INVESTORS RESOURCES CONTACT US CUSTODIAN REIT ACQUIRES A 28,601 SQ FT INDUSTRIAL UNIT ON CLIFTON MOOR INDUSTRIAL ESTATE, YORK You are here:Home2021OctoberCustodian REIT acquires a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate, York October 21, 2021 CUSTODIAN REIT ACQUIRES A 28,601 SQ FT INDUSTRIAL UNIT ON CLIFTON MOOR INDUSTRIAL ESTATE, YORK Custodian REIT (LSE: CREI), the UK property investment company, is pleased to announce a property purchase. The Company has acquired a 28,601 sq ft industrial unit on Clifton Moor Industrial Estate, York, adjacent to York’s northern bypass which connects to both the A1(M) and M62. The unit is occupied by Menzies Distribution Limited with a weighted average unexpired term to first break or expiry of 2.8 years. The unit has a passing rent of £186,000 per annum, reflecting a net initial yield1 of 5.90%. The agreed purchase price of £2.962 million was funded from the Company’s existing debt facilities, resulting in net gearing2 increasing to 20.8% loan to value. Commenting on the acquisition, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company’s discretionary investment manager), said: “We are delighted to have secured this logistics asset located on an industrial estate in high demand from occupational tenants due to its excellent location. This demand has led to strong evidence of increasing industrial rents, offering an accretive asset management opportunity.” 1 Passing rent divided by purchase price plus assumed purchasers’ costs. 2 Gross borrowings less cash (excluding tenant rental deposits and retentions) divided by last published property portfolio valuation. Custodian REIT announces the disposal of seven properties from its portfolio Custodian REIT announces the disposal of a property from its portfolio Recent News CUSTODIAN REIT REPORTS UNAUDITED NET ASSET VALUE AS AT 30 SEPTEMBER 2021 AND INCREASE IN TARGET DIVIDEND November 4, 2021 CUSTODIAN REIT ANNOUNCES THE DISPOSAL OF A PROPERTY FROM ITS PORTFOLIO November 2, 2021 CUSTODIAN REIT ANNOUNCES THE DISPOSAL OF A PROPERTY FROM ITS PORTFOLIO October 25, 2021 CUSTODIAN REIT ACQUIRES A 28,601 SQ FT INDUSTRIAL UNIT ON CLIFTON MOOR INDUSTRIAL ESTATE, YORK October 21, 2021 CUSTODIAN REIT ANNOUNCES THE DISPOSAL OF SEVEN PROPERTIES FROM ITS PORTFOLIO September 30, 2021 Archive November 2021 (2) October 2021 (2) September 2021 (2) August 2021 (2) July 2021 (3) June 2021 (3) May 2021 (3) April 2021 (1) March 2021 (1) February 2021 (1) January 2021 (2) November 2020 (1) October 2020 (1) July 2020 (1) June 2020 (3) April 2020 (2) January 2020 (1) October 2019 (2) September 2019 (1) August 2019 (1) June 2019 (1) January 2019 (1) December 2018 (3) November 2018 (2) September 2018 (3) August 2018 (1) July 2018 (1) June 2018 (2) April 2018 (1) March 2018 (2) January 2018 (1) December 2017 (4) November 2017 (2) October 2017 (8) September 2017 (1) August 2017 (1) July 2017 (4) June 2017 (4) May 2017 (4) April 2017 (2) March 2017 (3) January 2017 (1) December 2016 (2) November 2016 (4) October 2016 (4) September 2016 (1) August 2016 (1) July 2016 (1) LINKS Custodian Capital Mattioli Woods Financial Conduct Authority ABOUT Directors and Officers Investment Policy Investment Management PROPERTY PORTFOLIO AND LEGAL Portfolio Accessibility Disclaimer Privacy Policy Sitemap Copyright © Custodian REIT plc 2020 This website is published by Custodian REIT plc, which is managed by Custodian Capital Limited who are authorised and regulated by the Financial Conduct Authority. Custodian REIT plc is registered in England and Wales at Companies House. Our registered office is 1 New Walk Place, Leicester, LE1 6RU and our registered number is 8863271.