Update on valuation

BWP REIT PLC

04 July 2023

 

THE INFORMATION COMMUNICATED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

BWP REIT plc

("BWP REIT" or the "Company")

Update on valuation

BWP REIT Plc (IPSX ticker: BWP) is pleased to announce a quarterly property valuation as at 30 June 2023 by Avison Young which shows an increase in valuation to £60.3 million, compared to their 31 March 2023 valuation of £59.1 million which was published in the Company's interim report for the 6 months to 31 March 2023. 

BWP REIT Plc is a single asset company which owns Bridgewater Place, an office-led mixed-use property situated in a prime location in central Leeds.

ENQUIRIES

BWP REIT PLC

Edmund Craston - Chairman                       via FTI Consulting below

M7 Real Estate Financial Services Ltd (AIFM)

Richard Croft                                                      via FTI Consulting below

WH Ireland Limited (IPSX Lead Adviser)              

Chris Hardie, Darshan Patel                         [phone]

FTI Consulting (Financial and PR Adviser)

Richard Sunderland                                         [e-mail]

Eve Kirmatzis, Oliver Parsons                      [phone]

Alter Domus (UK) Limited

(Company Secretary)                                     [phone]

The Company's ISIN is GB00BQ1NFW69.

Further information on BWP REIT plc is available at www.bwpreit.com¹.

NOTES

BWP REIT plc is a single asset REIT offering shareholders exposure to the performance of the Bridgewater Place which is an office-led mixed-use property situated in a prime location in central Leeds.

The Company's asset manager is M7 Real Estate Limited ("M7"). M7 is a leading specialist in the pan-European, regional, multi-tenanted real estate market. It has over 225 employees in 14 countries and territories. The team manages almost 590 assets with a value of circa €5.9 billion.

¹ Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website or any other website, is incorporated into, or forms part of, this announcement nor, unless previously published on a Regulatory Information Service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

 

END