Acquisition of Property

20 August 2014

 UK Commercial Property Trust Limited acquires £41 million Swindon Supermarket  
                              and Leisure Scheme                               

UK Commercial Property Trust Limited ("UKCPT" or "the Company") is pleased to
announce that it has exchanged contracts to acquire Regent Circus in Swindon
for a consideration of £40.48million at an equivalent yield of 5.3%. Regent
Circus isa new, 97,000 sq.ft purpose built family-orientated leisure
development,which is 94% pre-let and anchored by a Morrisons supermarket and
Cineworldcinema. It is being acquired from developer Ashfield Land.

The Morrisons supermarket will open in November, with the leisure element
expected to open in early 2015. On completion, the scheme will generate £
2.1million per annumin rental income (after rent free periods) from leases with
an average length of 20years to occupierswith a sound covenant base. The cinema
lease also incorporatesfixed rental increases.

Regent Circus is the first new retail and leisure scheme to be built in Swindon
in a number of years and will provide a modern, prominent andcentral scheme
which will benefit from the town's strong communication and transport links, as
well as a wide and affluent catchment area.

The purchase will be financed in part bythe £32 million in proceeds from the
Company's treasury share issue in May with the remainder financed from existing
resources. The consideration will be satisfied through a number of staged
payments with £21.25 million payable around practical completion of the
development in early November and the balance paid in tranches as the
restaurant elements are completed.

Christopher Hill, Chairman of UKCPT commented:"This acquisition supports the
Company's ongoing investment strategy of acquiring assets that have the
potential for both income and capital growth. It also represents an increase in
the Company's leisure holdings, one of the Company's favoured sectors, and is
let to tenants with strong covenants and on terms that will also improve the
average lease length of the portfolio.

"The Board ispleased that the Investment Manager has deployed all the proceeds
of the treasury share issues in May so soonfor this acquisition.  The
Investment Manager is actively looking at further opportunities in the market
where the Company can deploy capital at attractive price levels."

For further information:

Ignis Investment Services Limited:                             0141 222 8000
Robert Boag/Graeme McDonald

FTI Consulting:                                                020 3727 1000
Richard Sunderland/Claire Turvey/Clare Glynn
[e-mail]