Issue of Debt

Invista Foundation Property Tst Ltd
02 July 2007

2 July 2007



   Invista Foundation Property Trust Limited ("IFPT"/ the "Company"/ "Group")


             IFPT raises a further £111 million of securitised debt





IFPT has issued a further £111 million of securitised debt through the use of
Reserve Notes.  These notes were issued but not sold at the time of the
Company's original securitisation in 2005 and are a very efficient form of
financing.  The £111 million was sold at a margin of 25 basis points which, when
combined with hedging, results in a total interest rate cost of 5.71%.  The
proceeds will be used to re-finance existing non-securitised borrowings
totalling £69.08 million with an interest rate cost of 6.5%, and also to fund
asset management projects and make selective acquisitions in accordance with the
Group's strategy.



IFPT now has securitised borrowings of £263.5 million at a total blended cost,
including hedging, of 5.58%.



Commenting, Duncan Owen, Chief Executive of Invista Real Estate Investment
Management Limited, the Company's Investment Manager, said:



"The issue of these Reserve Notes at a very low cost of funds is immediately
accretive to the Company and at the same time will provide the Company with the
financial firepower to invest in key asset management projects that we
anticipate will enhance long-term Net Asset Value growth and to make selective
acquisitions where we see value."





For further information:



Duncan Owen

Invista Real Estate Investment Management      020 7153 9345


Stephanie Highett / Dido Laurimore

Financial Dynamics                             020 7831 3113








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