Disposal of Property
March 14 2011 - 5:30AM
UK Regulatory
TIDMIPI
Invesco Property Income Trust Limited
HEADLINE: Disposal of Property
The Directors of Invesco Property Income Trust are pleased to announce the
simultaneous exchange and completion on 11 March 2011 of the sale of the Afton
Centre, Bracknell, for GBP8.20 million. The sale price represents a modest uplift
over the valuation as at 31 December 2010 of GBP8.06 million.
The net proceeds of sale will be used to repay bank borrowings.
Commenting on this disposal, Richard Barnes, Chairman of the Company, said:
"We are very pleased to have secured another disposal at a price in excess of
the most recent valuation. The sale of this property at a premium will allow
the Company to continue the reduction in its borrowing levels. "
All enquiries
Invesco Asset Management Ltd
Angus Pottinger
020 7065 3714
Rory Morrison
020 7543 3500
14 March 2011
END
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