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. Read More
(Alliance News) - Mergers between real estate investment trusts could help build a "more investible future" for the UK property sector, according to analysts, after two FTSE 250-listed firms agreed a merger on Monday. Read More
(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. Read More
(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: Read More
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." Read More
(Correcting index and share price moves.) Read More
(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. Read More
(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. Read More
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. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(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. Read More
(Alliance News) - Stocks in London look set to recover some of the week's lost ground at Friday's market open. Read More
Custodian Property Income REIT PLC - Leicester, England-based real estate investment trust focused on smaller, regional properties - Sells 16,869 square foot office asset in Derby, England, for GBP2.1 million. Notes that the sale is 36% ahead of its valuation at September 30. Read More
(Alliance News) - Custodian Property Income REIT PLC on Wednesday reported a fall in net asset value, citing higher interest rates, but touted optimism looking ahead. Read More
Custodian Property Income REIT PLC - Leicester, England-based real estate investment trust focused on smaller, regional properties - Sells children's day nursery in Chesham, England for GBP550,000 to an undisclosed buyer. Company's portfolio was valued at GBP614.3 million as at June 30. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More