News - Glenstone REIT

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Trading Update

Posted on April 9, 2020

Our priority at this time of unprecedented disruption is the health of our staff, tenants and stakeholders. Our strategy to create a fully diversified REIT is proving correct. Over the last few years the company has invested heavily in IT systems which are working well and enable real-time financial forecasting on each our 500 + tenants.

Eric Rowley

Posted on January 10, 2020

Those of you who knew him will be saddened by the news that Eric Rowley died on December 31st 2019. Eric joined the Hiltons shoe company in 1949, and by the time of the Olivers takeover in 1981 he had risen to the position of Administration Director.

Chairman’s Half Year Statement & Financials – September 2019

Posted on December 5, 2019

Since the March 2019 year end the executive team have continued to focus on the rationalisation of the portfolio and maintain rental income through active asset management. Although the economic and political backdrop is challenging the first half year results are very pleasing.

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Property Income Distribution 3

Posted on December 5, 2019

The Directors of Glenstone Property plc are pleased to report that at a Board Meeting held on Monday 2nd December 2019 it was resolved that a first Interim Property Income Distribution of 26p per Ordinary share of 2p each will be paid on 6th December 2019 in respect of the year ending 31st March 2020.

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2019 Annual Report and Financial Statements

Posted on July 11, 2019

The Board of Directors are pleased to publish the Annual Report and Financial Statements for the year ended 31 March 2019.

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Glenstone acquire South Coast industrial open storage facility for £9.9 million.

Posted on July 11, 2019

Glenstone Property plc announces that it has successfully acquired a multi user, open storage facility in Newhaven for £9.9 million, providing a Net Initial Yield of 7.25%.

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Property Income Distribution 4

Posted on June 21, 2019

The Directors of Glenstone Property plc are pleased to report that at a Board Meeting held on Wednesday 5th June 2019, it was resolved that a second interim Property Income Distribution of 30p per Ordinary share of 2p each is to be paid on 28th June 2019 in respect of the year ending 31st March 2019.

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Prime Central London Pub Purchase

Posted on March 19, 2019

Glenstone’s leisure subsidiary Innbrighton Properties Limited have completed the purchase of The Old Red Lion pub located in prime central London. The premises comprise of a cellar, two trading levels with two floors of residential.

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