Industrial Multi Property Net Asset Value Up, Occupancy Improves

LONDON (Alliance News) - Industrial Multi Property Trust PLC on Monday said its net asset value per share rose in the first quarter of 2015, as its portfolio value increased and its occupancy improved in the period.

The commercial property investment fund said its net asset value per share was 227 pence at the end of March, up by 7 pence from 220 pence at the end of December.

The group's portfolio valuation increased by GBP0.9 million, up to GBP80.8 million from GBP79.9 million at the end of December, while its occupancy rate improved to 87.3%, from 86.5%.

The group secured 22 new lettings and 13 lease renewals in the quarter.

Shares in Industrial Multi Property were up 5.7% to 56.00 pence on Monday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.