Disposal of Properties

RNS Number : 3963B

F&C UK Real Estate Investments Ltd

03 March 2014

 



To:                   RNS

From:              F&C UK Real Estate Investments Limited                             

Date:               3 March 2014

F&C UK Real Estate Investments Limited ('FCRE') - Disposal of properties                      

Disposal of Swift House, Cosford Lane, Rugby

On 3 March 2014, IRP Holdings Limited, a subsidiary of FCRE, disposed of an industrial property in Rugby for £5.25 million, at an initial yield of 9.4 per cent. The property is let to Premier Foods Group Ltd until 24 December 2018 at a rent of £523,573 per annum.

The property was valued at £5.3 million as at 31 December 2013.

Disposal of Unit 1, King George Close, Romford

On 28 February 2014, IPT Property Holdings Limited, a subsidiary of FCRE, disposed of an industrial property in Romford for £2.45 million, at an initial yield of 7.1 per cent. The property is let to Crystal Windows and Doors Ltd until 24 March 2027 at a rent of £185,000 per annum.

The property was valued at £2.45 million as at 31 December 2013.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1  3QL

Tel: [phone]

Fax: [phone]

Ian McBryde

Scott Macrae

F&C Investment Business Ltd

Tel: [phone]

Fax: [phone]

 

END

 

 

DISJJMFTMBMMBII