Sale of UK Property

 

TIDMBLK 
 
RNS Number : 7543N 
Blackrock International Land PLC 
17 June 2010 
 

Blackrock International Land sells UK office building 
 
 
Blackrock International Land plc is pleased to announce that it has completed 
the sale of an office investment in Milton Keynes for EUR3.85 million, 
considerably higher than the property's valuation at last year end. This 
transaction is the company's second disposal in 2010, having sold a warehouse 
and office facility in Dundalk earlier in the year for EUR2.9 million. 
 
This latest disposal, which was concluded with a UK property investment company, 
comprised a 1,570m² office building located at Silbury Boulevard, Milton Keynes, 
that is currently occupied by Royal Bank of Scotland under a lease that is due 
to expire in 2014. 
 
In March this year, the company reported that it had disposed of a 3,700m² 
vacant industrial premises to Warner Chilcott, the international pharmaceutical 
manufacturer. The building formed part of the group's 17,000m² warehouse and 
office complex at Xerox Office Park, Dundalk. 
 
Commenting on the transaction, Robert Knox, managing director of Blackrock 
International Land plc, said: 
 
"We are pleased that, despite the challenging operating environment, we have 
completed our second disposal in 2010 on very satisfactory terms." 
 
 
Blackrock International Land plc 
17 June 2010 
 
For further information, please contact: 
Brian Bell, WHPR - Tel: [phone] 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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