Purchase of Property

RNS Number : 8942G

F&C UK Real Estate Investments Ltd

12 May 2014

 



To:                   RNS

From:              F&C UK Real Estate Investments Limited                             

Date:               12 May 2014

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

Purchase of Brook Retail Park, Bromsgrove

On 2 May 2014, IPT Property Holdings Limited, a subsidiary of FCRE, purchased a retail warehouse park in Bromsgrove for £7.55 million, at an initial yield of 6.2 per cent. Unit 1 is let to Homebase Ltd for 20 years at £362,500 per annum and Unit 2 is let to Pets at Home Ltd for 15 years at £132,750 per annum.

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

 

 

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