AEW UK REIT plc (AEWU) Eastpoint Business Park, Oxford 25-Apr-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

-----------------------------------------------------------------------------------------------------------------------

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION, TRANSMISSION, FORWARDING OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE SECURITIES LAWS OR REGULATIONS.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN FOR THE PURPOSES OF MAR.

25 April 2022

AEW UK REIT Plc

Eastpoint Business Park, Oxford

AEW UK REIT plc (LSE: AEWU) ("AEWU" or the "Company") announces that, following a marketing campaign, it has agreed terms to sell its office asset located in Eastpoint Business Park, Oxford for approximately GBP37 million. The agreed sale price represents a significant premium to the carrying value of the asset at 31 March 2022 and the Company received a number of offers at similar levels. For illustrative purposes only, if this valuation had been included in the 31 March 2022 NAV, it would have added approximately 11 pence to the Net Asset Value per share.

It should be noted that there is no guarantee that the transaction will complete and there will be a number of factors that may impact the next net asset value produced by the Company, which will be for the period ending 30 June 2022.

ENDS

Enquiries 
AEW UK 
Alex Short                     alex.short@eu.aew.com 
                               +44(0) 20 7016 4848 
 
Nicki Gladstone                nicki.gladstone-ext@eu.aew.com 
                               +44(0) 7711 401 021 
Company Secretary 
Link Company Matters Limited   aewu.cosec@linkgroup.co.uk 
                               +44(0) 1392 477 500 
 
TB Cardew                      AEW@tbcardew.com 
Ed Orlebar                     +44 (0) 7738 724 630 
Tania Wild                     +44 (0) 7425 536 903 
Lucas Bramwell                 +44 (0) 7939 694 437 
 
Liberum Capital 
Darren Vickers / Owen Matthews +44 (0) 20 3100 2000 

Notes to Editors

About AEW UK REIT

AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return to shareholders by investing predominantly in smaller commercial properties (typically less than GBP15 million), on shorter occupational leases in strong commercial locations across the United Kingdom. The Company is currently invested in office, retail, industrial and leisure assets, with a focus on active asset management, repositioning the properties and improving the quality of income streams. AEWU is currently paying an annualised dividend of 8p per share.

The Company was listed on the Official List of the Financial Conduct Authority and admitted to trading on the Main Market of the London Stock Exchange on 12 May 2015. www.aewukreit.com

LEI: 21380073LDXHV2LP5K50

About AEW UK Investment Management LLP

AEW UK Investment Management LLP employs a well-resourced team comprising 28 individuals covering investment, asset management, operations and strategy. It is part of AEW Group, one of the world's largest real estate managers, with EUR88.2bn of assets under management as at 31 December 2021. AEW Group comprises AEW SA and AEW Capital Management L.P., a U.S. registered investment manager and their respective subsidiaries. In Europe, as at 31 December 2021, AEW Group managed EUR38.5bn of real estate assets on behalf of a number of funds and separate accounts with over 450 staff located in 12 locations. In May 2019, AEW UK Investment Management LLP was awarded Property Manager of the Year at the Pensions and Investment Provider Awards.

www.aewuk.co.uk

IMPORTANT INFORMATION

This announcement contains inside information for the purposes of Article 7 of MAR. Upon publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR. The person responsible for arranging the release of this announcement on behalf of the Company is AEW UK Investment Management LLP.

The sale of the Company's office asset located in Eastpoint Business Park, Oxford is subject, among other things, to the purchaser completing satisfactory due diligence and the parties agreeing definitive legal agreements for the sale. There can be no guarantee that the sale of the Company's office asset described in this announcement will be completed. All information relating to the potential sale described in this announcement may subsequently change as a result. It should also be noted that any future NAV per Ordinary Share announced by the Company in due course will, in addition to the any sale of the Company's office asset described in this announcement (if completed), be affected by valuation movements in the Company's portfolio as well as any other acquisitions and/or disposals completed by the Company.

-----------------------------------------------------------------------------------------------------------------------

ISIN:           GB00BWD24154 
Category Code:  DIS 
TIDM:           AEWU 
LEI Code:       21380073LDXHV2LP5K50 
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State 
Sequence No.:   157146 
EQS News ID:    1333533 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1333533&application_name=news

 

(END) Dow Jones Newswires

April 25, 2022 02:00 ET (06:00 GMT)

Aew Uk Reit (LSE:AEWU)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Aew Uk Reit Charts.
Aew Uk Reit (LSE:AEWU)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Aew Uk Reit Charts.