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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
F&c Commercial Property Trust Limited | LSE:FCPT | London | Ordinary Share | GG00B4ZPCJ00 | 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% | 121.20 | 121.40 | 121.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFCPT To: RNS From: F&C Commercial Property Trust Ltd LEI Number: 213800A2B1H4ULF3K397 Date: 14 December 2017 F&C Commercial Property Trust Ltd ('FCPT') Purchase of One Cathedral Square, Bristol F&C Commercial Property Holdings Limited, a subsidiary of FCPT, has purchased a 56,059 sq ft prime office in Bristol for GBP33.5 million, reflecting a net initial yield of 5.0 per cent. The property is fully let to the strong covenants of the University of Bristol and Dyson Technology on a WAULT of 12.4 years to expiry and 7.6 years to break, generating rental income of GBP1,780,906 per annum. The purchase was funded out of the company's existing cash reserves. Following the purchase, net gearing was 19.7 per cent. Commenting on the purchase, Fund Manager Richard Kirby said "This acquisition complements the portfolio's existing holdings and provides secure income that is backed by solid financial covenants, while also delivering an attractive yield. With current supplies of Grade A office space in Bristol at an all-time low and the city increasing in appeal to a broad range of commercial occupiers, we have confidence in the fundamentals supporting our ability to deliver both capital and income growth for our shareholders from this investment." All Enquiries: The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel: 01481 745001 Fax: 01481 745051 Richard Kirby Scott Macrae F&C Investment Business Ltd Tel: 0207 628 8000 Fax: 0131 225 2375 END
(END) Dow Jones Newswires
December 14, 2017 02:00 ET (07:00 GMT)
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