Custodial REIT has officially launched on the main market of the London Stock Exchange.
Custodial REIT has officially launched on the main market of the London Stock Exchange.
The initial placing and subscription offer for the £130 mln (€156 mln) vehicle was oversubscribed.
Simultaneously, Custodian REIT completed the earlier-announced acquisition of a seed portfolio of 48 properties, valued at over £95 mln (excluding associated borrowings) and split across all property sectors and 90 separate tenancies.
The fund will use the remaining £55 mln of new funds raised to invest in a diversified portfolio of commercial real estate.
Custodial was created by UK pension and wealth management business Mattioli Woods.
