18 Jul 2008 16:50
To: RNS
From: F&C Commercial Property Trust Limited
Date: 18 July 2008
F&C COMMERCIAL PROPERTY TRUST LIMITED
DISPOSAL OF INVESTMENT PROPERTY
The Board announces that, on 20 June 2008, the Company exchanged contracts to sell the Lion Walk Shopping Centre, Colchester, for £69.0 million, gross of rental guarantees which are not expected to exceed £865,000. This compares with a valuation of £68.7 million as at 31 March 2008. The sale completed on 18 July 2008.
Further information will be provided with the interim results for the period ended 30 June 2008.
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
Balanced Commercial Property Trust (BCPT)