Custodian: this Reit will look after your cash

Custodian Reit has been grappling with retail turmoil, but that is only a small part of the picture.

Philip Green © Andrew Gombert/EPA/Shutterstock

Philip Green: "not a very nice person"
(Image credit: Philip Green © Andrew Gombert/EPA/Shutterstock)

Philip Green is "not a very nice person", Richard Shepherd-Cross, manager of the real estate investment trust Custodian Reit (LSE: CREI) told Citywire earlier this month. Custodian was one of the landlords that voted against his retail group Arcadia's ultimately successful company voluntary arrangement (CVA) proposal a few weeks ago. These arrangements give indebted companies time to restructure debts, and often involve forced rent reductions, which is bad news for their landlords.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.