INVESCO PROPERTY INCOME TRUST LIMITED - Disposals of Property
March 12 2014 - 11:30AM
PR Newswire (US)
Invesco Property Income Trust Limited
HEADLINE: Disposals of Property
The Directors are pleased to confirm the completion of two further separate
disposals.
On 7 March 2014 the Group completed the sale of the multi-let office building
Les Bureaux Diapason in Paris for €16.5 million, in line with the December 2013
valuation. Net sales proceeds amounted to €12.7m after tax.
On 11 March 2014 the Group also completed the sale of the vacant warehouse
building at Priory Business Park, Bedford which was separated from the adjacent
fully leased office building in 2013. The sale price of £930,000 compares with
the independent valuation of £900,000 prevailing at the time terms were agreed.
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
12 March 2014
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