INVESCO PROPERTY INCOME TRUST LIMITED - Disposals of Property
January 14 2014 - 9:30AM
PR Newswire (US)
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 €7.96 million. This compares with
the independent valuation of €7.8 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 £3.21 million, a very pleasing uplift over
the prevailing valuation of £1.74 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
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