Custodian Property Income REIT to Buy Eight Retail, Industrial Properties in UK

03:23 AM EST, 11/09/2026 (MT Newswires) -- Custodian Property Income REIT (CREI.L) agreed to buy eight retail and industrial properties across the UK for a combined consideration of 11 million pounds sterling. The British real estate investment trust said Monday that it is purchasing the portfolio from Lincoln Property Syndicates-managed property investment vehicles. It paid an initial cash consideration of 400,000 pounds for the transaction, with the balance to be settled through the issuance of 10,553,474 new ordinary shares that will begin trading before Nov. 30. The properties are all fully leased, with an average occupier tenure of nine years and a weighted average unexpired lease term of six years for the entire portfolio.