3 Mar 2014 16:08
To: RNS
From: F&C UK Real Estate Investments Limited
Date: 3 March 2014
F&C UK Real Estate Investments Limited ('FCRE') - Disposal of properties
Disposal of Swift House, Cosford Lane, Rugby
On 3 March 2014, IRP Holdings Limited, a subsidiary of FCRE, disposed of an industrial property in Rugby for £5.25 million, at an initial yield of 9.4 per cent. The property is let to Premier Foods Group Ltd until 24 December 2018 at a rent of £523,573 per annum.
The property was valued at £5.3 million as at 31 December 2013.
Disposal of Unit 1, King George Close, Romford
On 28 February 2014, IPT Property Holdings Limited, a subsidiary of FCRE, disposed of an industrial property in Romford for £2.45 million, at an initial yield of 7.1 per cent. The property is let to Crystal Windows and Doors Ltd until 24 March 2027 at a rent of £185,000 per annum.
The property was valued at £2.45 million as at 31 December 2013.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
Fax: 01481 745051
Ian McBryde
Scott Macrae
F&C Investment Business Ltd
Tel: 0207 628 8000
Fax: 0131 225 2375