Warehouse REIT PLC Valuation Update (8221D)
24 Febrero 2020 - 01:00AM
UK Regulatory
TIDMWHR
RNS Number : 8221D
Warehouse REIT PLC
24 February 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION ((EU) 596/2014)
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA
OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
24 February 2020
Warehouse REIT plc
(the "Company" or "Warehouse REIT")
Valuation Update
Following the Company's announcement on 17 February 2020,
Warehouse REIT, the AIM-listed company that invests in and manages
urban and 'last-mile' industrial warehouse assets in strategic
locations in the UK, is pleased to provide an update on property
valuation. At 31 January 2020, the portfolio was independently
valued at GBP464.8 million (30 September 2019: GBP438.7 million).
After taking into account net investment activity and portfolio
capital expenditure in the period since 30 September 2019, the
portfolio valuation increased GBP15.1 million on a like-for-like
basis. This represents an increase of 6.3 pence per share, based on
240,254,043 ordinary shares in issue.
The Company recently announced it is contemplating an equity
raise. Any such fundraising is expected to follow the publication
of a prospectus and further details will follow in due course.
Enquiries:
Warehouse REIT plc (via FTI Consulting)
+44 (0) 1244 470
Tilstone Partners Limited 090
Andrew Bird, Peter Greenslade, Paul Makin
G10 Capital Limited (part of the Lawson Conner +44 (0) 20 3696
Group), AIFM 1302
Maria Glew, Gerhard Grueter
+44 (0) 20 7418
Peel Hunt (Nominated Adviser and Broker) 8900
Capel Irwin, Carl Gough, Harry Nicholas
FTI Consulting (Financial PR & IR Adviser +44 (0) 20 3727
to the Company) 1000
Dido Laurimore, Ellie Sweeney, Richard Gotla
Notes to editors:
Warehouse REIT is an AIM listed UK Real Estate Investment Trust
that invests in and manages urban and 'last-mile' industrial
warehouse assets in strategic locations in the UK.
Occupier demand for urban warehouse space is increasing as the
structural growth in e-commerce has driven the rise in internet
shopping and investment by retailers in the "last mile" delivery
sector, yet supply remains constrained giving rise to rental
growth.
The Company is an alternative investment fund ("AIF") for the
purposes of the AIFM Directive and as such is required to have an
investment manager who is duly authorised to undertake the role of
an alternative investment fund manager. The Investment Manager is
currently G10 Capital Limited.
The contents of this announcement do not constitute or form part
of an offer of or invitation to purchase or subscribe for, or any
solicitation of any offer to purchase or subscribe for, any
securities for sale in any jurisdiction.
Forward-looking statements
This announcement contains forward-looking statements,
including, without limitation, statements containing the words
"believes", "expects", "intends", "may", "will", or "would" or in
each case, their negative or other variations or similar
expressions. Such forward-looking statements involve unknown risk,
uncertainties and other factors, which may cause the actual results
of operations, performance or achievement of the Group, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements.
Given these uncertainties, prospective investors and
shareholders are cautioned not to place any undue reliance on such
forward-looking statements. These forward-looking statements speak
only as at the date of this announcement. Subject to its compliance
with its legal and regulatory obligations (including under the
Listing Rules, the Disclosure Guidance and Transparency Rules, the
Market Abuse Regulation and the Prospectus Rules), the Company
undertakes no obligation to update or revise any forward-looking
statement contained herein to reflect any change in expectations
with regard thereto or any change in events, conditions or
circumstances on which any statement is based.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFLFIRFAIVFII
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February 24, 2020 02:00 ET (07:00 GMT)
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