Custodian Property Income completes £2.35m property sale
Disposal comes at a 15% premium to its valuation
Disposal comes at a 15% premium to its valuation
Disposals will reduce the trust’s loan-to-value ratio by 2%
‘Exploring a range of refinancing options’
Custodian board expects API to maintain its recommendation for all-share merger
Trust exposure will increase from 4% to 45% in an effort to improve liquidity
Creating a £3.9bn trust if approved
£150m of costs will be cut across the business over two years
The enlarged Custodian Property Reit will manage £1bn assets
Merger set to create the UK’s fourth-largest REIT