NAV and Interim dividend

Invista Foundation Property Tst Ltd
25 April 2007

25 April 2007



           Invista Foundation Property Trust Limited (the "Company")

                    ANNOUNCEMENT OF NAV AND INTERIM DIVIDEND


Invista Foundation Property Trust Limited is pleased to announce a Net Asset
Value of 141.42 pence per share as at 31 March 2007 and an interim dividend of
1.6875 pence per share in respect of the period 1 January 2007 to 31 March 2007.
The dividend payment will be made on 18 May 2007 to shareholders on the
register on 4 May 2007.  The ex-dividend date will be on 2 May 2007.



The Company's NAV of 141.42 pence per share reflects an uplift of 4.45 pence per
share, or 3.25% over the quarter, and 21.84 pence per share or 18.26% over the
twelve months to March.  This results in a total NAV return for shareholders
over the twelve months to March 2007 of approximately 24.6%.  The reported NAV
takes account of a performance fee accrual to Invista Real Estate Investment
Management, the Investment Manager.



The quarterly NAV uplift followed an increase in the value of the underlying
property portfolio held over the quarter of £21.7 million or 3.23%.  This
compares with the capital growth produced by the IPD Monthly Index of 1% for the
same period.  As at 31 March 2007 the Company and its subsidiaries own property
assets valued at £709.5 milion.



Key highlights during the quarter include:



•         The Company's Central London office investments continue to perform
strongly, contributing £14.1 million of the £21.7 million capital value growth
from assets held over the quarter.  The biggest contributor was Minerva House,
London SE1 which increased in value by £4 million or 7.5% to £57.4 million.



•         The Company completed the acquisition of a retail warehouse investment
in Salisbury for £15.02 million.  Terms have been agreed to let a vacant unit
20% ahead of the purchase rental assumption on a subject to planning basis.  The
property was valued at £15.75 million as at March 2007



•         The Company has secured planning consent at the industrial complex in
Hinckley for a retail warehouse development of 100,000 sq ft together with
20,000 of trade counter and warehousing use.  The property increased in value
from £9 million to £11 million over the quarter, an uplift of 22%



•         The Company continues to generate profits through selling small retail
property where asset management initiatives have been completed.  During the
quarter the Company exchanged and subsequently completed the disposal of a unit
shop in Lancaster for £1.85 million, 20% ahead of the December valuation



Commenting on the announcement, Duncan Owen, Chief Executive, Invista Real
Estate Investment Management, said:



"The NAV growth this quarter has been driven by our Central London offices and
the result of asset management activity across the whole portfolio.  We are
starting to realise the anticipated rental growth in London and the ongoing
asset management initiative at Minerva House will potentially result in a
significant increase in rent.



"We are delighted to have secured a retail warehouse planning consent at
Hinckley which has already had a significant impact on the valuation and we are
considering development with pre-lets.  We await the decision on planning at
Uxbridge where we have applied to comprehensively refurbish and extend our
office holding when the principle lease expires this September.  The new
buildings will extend to over 70,000 sq ft relative to the current area of
39,000 sq ft.



"We have continued to generate good profits from opportunistic sales,
particularly in the retail sector, where we have disposed of a number of smaller
assets and we will implement further opportunistic sales during 2007.  The
slowdown in capital growth across the property market as a whole during 2007
will present both challenges but also opportunities for this Company.  We
anticipate that the Company's London offices will continue to outperform during
2007 but in addition the Company has a number of strategic asset management
initiatives which have the potential to add significant value, even in a slowing
investment market."



                                     -ENDS-



For further information:



Duncan Owen (Invista Real Estate Investment Management)          020 7153 9345

Sara Radford (RBSI Fund Services (Guernsey) Limited)             01481 743000

Stephanie Highett / Dido Laurimore (Financial Dynamics)          020 7831 3113


                      This information is provided by RNS
            The company news service from the London Stock Exchange