Custodian Property Income REIT (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, is pleased to announce the disposal of a vacant retail property in Guildford for £1.625m, representing an 8% premium to the 31 March 2025 valuation.

Commenting on the disposal, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (the Company’s external fund manager), said: “Having initially considered refurbishing and reletting the asset, strong demand for the site from residential developers became apparent during the initial marketing period and disposing ahead of valuation to fund improvements to the remaining portfolio was considered more accretive to shareholders.”