Alpha Pyrenees Trust Limited Disposal (0333J)

TIDMALPH

RNS Number : 0333J

Alpha Pyrenees Trust Limited

06 June 2014

6 JUNE 2014

ALPHA PYRENEES TRUST LIMITED

("ALPHA PYRENEES" OR THE "TRUST")

ALPHA PYRENEES SELLS A MULTI-LET WAREHOUSE & OFFICE INVESTMENT IN THE PARIS REGION AND A VACANT WAREHOUSE UNIT IN ZARAGOZA, SPAIN

Alpha Pyrenees has sold a multi-let warehouse and office investment located at Vitry-sur-Seine for EUR5.7 million which is 7.5% above its book value. The property totals 5,180 square metres arranged in 13 units let to a variety of tenants and is located in an industrial zone to the north east of Vitry-sur-Seine in the southern inner suburbs of the Ile-de-France. The purchaser is a private French investment company.

The Trust has also sold the larger of the two vacant warehouse units located in Zaragoza, Spain for EUR1.3 million representing book value. The unit represented 73% by area of the Trust's property holding in Zaragoza. The purchaser is a private Spanish company that will occupy the warehouse.

The proceeds from these sales will be held within the cash pooling arrangement established with the Trust's lenders, Barclays Bank PLC, to provide security for its loans and working capital for the Trust's operations.

For further information:

   Dick Kingston, Chairman, Alpha Pyrenees Trust Limited                           01481 231100 
   Paul Cable, Fund Manager, Alpha Real Capital LLP                                  020 7391 4700 

For more information on the Trust, please visit www.alphapyreneestrust.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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