Custodian Property Income REIT Sells Petrol Station at Premium

Custodian Property Income REIT plc announced the sale of a petrol station in Gillingham for £3.75 million. This transaction represents an 8% premium over the June 2026 valuation, marking a significant achievement for the company. The property, situated on Beechings Way, is leased to a single tenant with an annual rent of £0.3 million.

Richard Shepherd-Cross, Managing Director of Custodian Capital Limited, highlighted the decision to capitalize on the premium offered by a special purchaser. He noted that the funds obtained would be reinvested in capital expenditures, aligning with the company's strategy to provide strong income returns to shareholders.

Custodian REIT, listed on the London Stock Exchange, focuses on smaller UK regional properties. The company aims to deliver substantial income returns and potential capital growth through a diversified real estate portfolio.