Purchase and Disposal of Property

RNS Number : 7316H
F&C UK Real Estate Investments Ltd
21 May 2014
 



To:                   RNS

From:              F&C UK Real Estate Investments Limited                             

Date:               21 May 2014

 

F&C UK Real Estate Investments Limited ('FCRE')                    

 

 

Purchase of B&Q at Northfields Retail Park, Rotherham

 

On 16 May 2014, IPT Property Holdings Limited, a subsidiary of FCRE, purchased a retail warehouse unit in Rotherham for £10.5 million, at an initial yield of 7.3 per cent. The unit is let to B&Q until 21 August 2029, with a tenant's break in 2024, at £810,346 per annum.

 

 

Disposal of Units A-C, Foundry Lane, Horsham

 

On 8 May 2014, IPT Property Holdings Limited, a subsidiary of FCRE, disposed of industrial units in Horsham for £5.05 million, at an initial yield of 10.1 per cent. The units are currently let on leases expiring in 2018 and 2019.

 

The property was valued at £4.75 million as at 31 March 2014.

 

 

 

All Enquiries:

 

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1  3QL

 

Tel: 01481 745001

Fax: 01481 745051

 

 

Ian McBryde

Scott Macrae

F&C Investment Business Ltd

 

Tel: 0207 628 8000

Fax: 0131 225 2375

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUAUSRSNAVUAR
UK 100