21 May 2014 15:27
To: RNS
From: F&C UK Real Estate Investments Limited
Date: 21 May 2014
F&C UK Real Estate Investments Limited ('FCRE')
Purchase of B&Q at Northfields Retail Park, Rotherham
On 16 May 2014, IPT Property Holdings Limited, a subsidiary of FCRE, purchased a retail warehouse unit in Rotherham for £10.5 million, at an initial yield of 7.3 per cent. The unit is let to B&Q until 21 August 2029, with a tenant's break in 2024, at £810,346 per annum.
Disposal of Units A-C, Foundry Lane, Horsham
On 8 May 2014, IPT Property Holdings Limited, a subsidiary of FCRE, disposed of industrial units in Horsham for £5.05 million, at an initial yield of 10.1 per cent. The units are currently let on leases expiring in 2018 and 2019.
The property was valued at £4.75 million as at 31 March 2014.
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