Invesco Prop Inc Disposals of Property
January 14 2014 - 9:30AM
UK Regulatory
TIDMIPI
Invesco Property Income Trust Limited
HEADLINE: Disposals of Property
The Directors are pleased to confirm the completion of two separate and
previously announced disposals.
In December 2013, the sale of two office buildings at Rozendal Park in
Hoeilaart, Belgium completed at a price of EUR7.96 million. This compares with
the independent valuation of EUR7.8 million prevailing at the time terms were
agreed.
On 10 January 2014 the Group also completed the sale of the office building at
Gerrards Cross, Buckinghamshire for GBP3.21 million, a very pleasing uplift over
the prevailing valuation of GBP1.74 million.
The net proceeds of these transactions have been applied to reduce borrowing.
All enquiries
Invesco Asset Management Ltd
Angus Pottinger
020 7065 3714
Rory Morrison
020 7543 3500
14 January 2014
END
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