Custodian REIT (GB:CREI) has released an update.
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Custodian Property Income REIT has sold a vacant office building in Castle Donington for £1.75 million, matching its latest valuation. The decision to sell rather than refurbish after the tenant’s departure aligns with the company’s focus on cost-effective management and their strategy to bolster shareholder returns by reducing variable rate debt. The sale highlights the market’s appetite for smaller, regional real estate assets, especially among owner-occupiers.
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