Industrial Multi Property Trust PLC Portfolio Update (5805B)

TIDMIMPT

RNS Number : 5805B

Industrial Multi Property Trust PLC

04 April 2017

4 April 2017

PORTFOLIO UPDATE

INDUSTRIAL MULTI PROPERTY TRUST PLC

(the "Company" or together with its subsidiaries the "Group")

Industrial Multi Property Trust plc is today announcing that the Group's property portfolio was valued at 31 March 2017 by Cushman & Wakefield Debenham Tie Leung Limited trading as Cushman & Wakefield at GBP86.2 million.

The previous valuation of the property portfolio was GBP85.3 million as at 31 December 2016. The Company sold one multi-let office investment in February 2017 for GBP0.39 million. Therefore on a like-for-like basis, the valuation increased by GBP1.3 million or 1.5%.

The valuation was undertaken in accordance with the Royal Institution of Chartered Surveyors (RICS) Appraisal and Valuation Standards and shows the "Market Value" assuming an asset sale of each property.

This announcement is not a preliminary statement of the Group's financial results and the financial information contained herein is not audited and is subject to change.

Contact:

Jonathan Clague

Chairman, Industrial Multi Property Trust plc

[phone]

Tom Pissarro

Fund Manager, Alpha Real Capital LLP

[phone]

Robert Finlay

Financial Adviser and Broker, Stockdale Securities Ltd

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

PFUBUGDSLSGBGRS

(END) Dow Jones Newswires

April 04, 2017 11:47 ET (15:47 GMT)