Vanguard Group Increases Stake in Custodian Property Income REIT plc

The Vanguard Group, Inc. disclosed an uptick in its holding in Custodian Property Income REIT plc, now representing 1.10% of the company. This significant increase was reported in a recent form 8.3 submitted under the UK Takeover Code. The adjustment in Vanguard's position comes amidst speculation regarding potential mergers and acquisitions in the real estate investment trust (REIT) sector.

As per the disclosure on 21 March 2024, The Vanguard Group, Inc. now controls 4,842,521 shares of Custodian Property Income REIT plc with a transaction disclosed on 20 March 2024 involving the sale of 4,090 shares at a price of 0.70 GBP each. Alongside Custodian REIT, Vanguard also disclosed dealings relating to abrdn Property Income Trust Limited, hinting at broader strategic interests in the property income sector.

No agreements, arrangements, or understandings relating to indemnities, derivatives, or voting rights were reported in the disclosure, underscoring a straightforward enhancement of Vanguard’s stake in Custodian Property Income REIT plc.