Purchase of Property

Drum Income Plus REIT plc

("Drum" or "the Company")

Purchase of Property

Drum announces the acquisition of multi-let office investment Monteith House in Glasgow for a consideration of £5.75 million.

Monteith House is a prime office development located in George Square, in the centre of Glasgow. Key tenants include VisitScotland and Skills Development Scotland and the purchase price reflects a yield of 7.6%.

The purchase follows the acquisitions, announced on 6 October 2015, of Duloch Park in Dunfermline, Gosforth Shopping Centre in Newcastle-upon-Tyne and Mayflower House in Gateshead for a combined total of £19.7 million.

The Company has now completed acquisitions valued at £26 million (including costs) since it was listed on the Official List of the UK Listing Authority and admitted to trading on the Main Market of the London Stock Exchange on 29 May 2015, raising gross proceeds of £31.9 million.

Commenting on the acquisitions, John Evans, Chairman of Drum Income Plus REIT Plc, said: "We are pleased to continue the significant momentum that has been created since our IPO, reflecting our stated focus on commercial property assets in strong regional locations that offer an attractive yield as well as identifiable asset management and risk controlled development opportunities.

"We are exactly where we want to be at this stage of the Company's development, and have a strong pipeline of attractive investment opportunities currently under consideration.

"Our team has extensive experience of entrepreneurial and proactive asset management and of creating investments that deliver leading revenue and capital appreciation. We are following an asset management strategy that will drive rental growth and maximise additional income opportunities, offering investors an attractive blend of income return and capital growth."

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NOTE: REIT Portfolio - November 23 2015

Monteith House, 11 George Square, Glasgow

· Purchase price £5.75 million

· Net initial yield: 7.6%

· Key tenants: VisitScotland, Skills Development Scotland

Duloch Park, Turnstone Road, Dunfermline

· Purchase price: £4.51m

· Net initial yield: 7.4%

· Key tenants: Barrhead Travel, Pizza Hut Delivery, Greggs, Lloyds Pharmacy, Subway, Betfred, Johnson Cleaners.

Mayflower House, Fifth Avenue Business Park, Gateshead

· Purchase price: £2.67m

· Net initial yield: 9.25%

· Key tenants: WorldPay, KCS Datawright, Benfield Motor Group. 

Gosforth Shopping Centre, High Street, Newcastle upon Tyne

· Purchase price: £12.5m

· Net initial yield: 7.5%

· Key tenants: Boots, Sainsbury's, WH Smith, Costa Coffee, Virgin Money, Lloyds Bank

For more information on the Drum Income Plus REIT, visit: www.drumpropertygroup.com/dripreit