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23 Jan 2017 07:00
23 January 2017
PORTFOLIO UPDATE
INDUSTRIAL MULTI PROPERTY TRUST PLC
(the "Company" or together with its subsidiaries the "Group")
Industrial Multi Property Trust plc is today announcing that the Group's property portfolio was valued at 31 December 2016 by Cushman & Wakefield Debenham Tie Leung Limited trading as Cushman & Wakefield at £85.3 million.
The previous valuation of the property portfolio was £85.3 million as at 30 September 2016.
The Company sold three light industrial units for £1.2 million in two transactions in October and November 2016.
The valuation was undertaken in accordance with the Royal Institution of Chartered Surveyors (RICS) Valuation - Professional Standards and shows the "Market Value" assuming an asset sale of each property.
The Group's property portfolio will next be valued as at 31 March 2017.
This announcement is not a preliminary statement of the Company's financial results and the financial information contained herein is not audited and is subject to change. The Company expects to announce its Annual Report for the year ended 31 December 2016 by 24 February 2017.
This announcement contains inside information.
Contact:
Jonathan Clague
Chairman, Industrial Multi Property Trust plc
+44 (0) 1624 681250
Tom Pissarro
Fund Manager, Alpha Real Capital LLP
+44 (0) 20 7391 4714
Alastair Moreton
Financial Adviser and Broker, Stockdale Securities Ltd
+44 (0) 20 7601 6100
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