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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
F&C Commercial | LSE:FCPX | London | Ordinary Share | GB00B05KL904 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFCPX RNS Number : 9562V F&C Commercial Property Trust Ltd 20 July 2009 20 July 2009 ?F&C COMMERCIAL PROPERTY TRUST LIMITED ('the Company') Purchase of Property The Board is pleased to announce that, on 17 July 2009, the Company exchanged contracts to purchase Site E4, Daventry International Rail Freight Terminal (DIRFT) Logistics Park, Daventry, for GBP17.25 million representing a net initial yield of 9.05%. DIRFT Logistics Park is one of the UK's premier distribution and logistics parks located adjacent to junction 18 of the M1 motorway. The property, constructed in 2005, comprises a well-specified distribution warehouse of approximately 300,000 sq ft and is let to Excel Europe Ltd until 31 May 2015 at a current passing rent of GBP1,650,000 per annum. The tenant operates, under contract, Mothercare's national distribution centre from the property. This is the first acquisition by the Company since its launch in March 2005. The purchase, to be made from the Company's available cash resources, will enhance the Company's revenue account and dividend cover. Completion of the purchase is scheduled for 29 July 2009. All enquiries: Richard Kirby F&C REIT Asset Management LLP Tel: 0207 016 3577 The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel: 01481 745324 Fax: 01481 745051 This information is provided by RNS The company news service from the London Stock Exchange END ACQRMMBTMMITBML
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