17 October 2016
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 30 September 2016 by Cushman & Wakefield (formerly DTZ Debenham Tie Leung Limited) at £85.3 million.
The previous valuation of the property portfolio was £85.1 million as at 30 June 2016. The Company sold a light industrial unit on 28 September 2016 for £160,000.
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.
The Group's property portfolio will next be valued as at 31 December 2016.
This announcement is not a preliminary statement of the Company's financial results and the financial information contained herein is not audited and is subject to change. The Company expects to publish its trading update for the three months ended 30 September 2016 by 18 November 2016.
This announcement contains inside information.
Chairman, Industrial Multi Property Trust Plc
+44 (0) 1624 681250
Fund Manager, Alpha Real Capital LLP
+44 (0) 20 7391 4714
Financial Adviser and Broker, Stockdale Securities Ltd
+44 (0) 20 7601 6100
This information is provided by RNS