3rd Quarter Results

INDUSTRIAL MULTI PROPERTY TRUST PLC

(the "Company" or together with its subsidiaries the "Group")

16 November 2015

Industrial Multi Property Trust PLC is today announcing its trading update for the quarter ended 30 September 2015 and the period up until the date of this announcement. The information contained herein has not been audited.

Highlights:

· Adjusted net asset value ("NAV") per ordinary share - 236 pence as at 30 September 2015 (237 pence at 30 June 2015).

· Portfolio valuation increased - the Group's property portfolio was valued at £81.1 million as at 30 September 2015 (£80.5 million as at 30 June 2015, an increase of £0.6 million (+0.1%) during the three month period. The Board believes the current market conditions for UK commercial property remain favourable.

· Occupancy - the occupancy level by estimated rental value stood at 87.0% as at 30 September 2015 (88.4% as at 30 June 2015). The Board is optimistic that the occupancy will rise within the next 6 months.

· New lettings achieved - 16 new lettings and 7 lease renewals achieved during the quarter (representing 3.0% of the estimated rental value ("ERV") of the total portfolio, based on the final achievable annual rent including stepped rent).

· Units under offer to let - a further 11 units are currently under offer representing in excess of 2% occupancy by ERV.

· Adjusted earnings per ordinary share ("EPS") - loss of 16.2 pence for the nine months to 30 September 2015 (loss of 7.9 pence for the six months to 30 June 2015).

Revaluation and NAV

The Company's adjusted NAV per ordinary share was 236 pence as at 30 September 2015 which is in line with that reported at 30 June of 2015 of 237 pence. Primarily, this resulted from the revaluation gain in the property portfolio being offset by finance costs in the period. The property portfolio will next be valued by an independent valuer as at 31 December 2015.

The Group's property portfolio was valued at 30 September 2015 by Cushman & Wakefield (formerly DTZ Debenham Tie Leung Limited) at £81.1 million. The Board believes that the current market conditions remain favourable for improving the Company's valuations, rent and occupancy levels.

Adjusted EPS

The Company's adjusted EPS was a loss of 16.2 pence during the period ended 30 September 2015. The adjusted EPS loss is mainly due to high finance costs. The Board is actively reviewing the options with a view to potentially refinancing out the higher costing debt.

Property Update

Tenant/letting activity can be summarised as follows:

The Investment Adviser and Manager continues to progress the published strategy to deliver shareholder value, namely:

· to enhance net rental income;

· to reduce borrowings and to reduce the loan to value through limited strategic sales;

· to deploy capital when 'value add' opportunities are identified;

· to actively review the potential refinancing options, at an optimum time to mitigate the effects of the loan facilities early repayment penalties; and

· to actively review the potential to resume payment of dividends.

While occupancy across the portfolio has slightly decreased with 87.0% of the portfolio let as at 30 September 2015 based on the ERV, compared with 88.4% as at 30 June 2015; progress continues to be made in letting void units, 16 new lettings and 7 lease renewals have been successfully completed in the quarter to 30 September 2014 at a final achievable annual rent, including stepped rent, of approximately £0.3 million per annum. The Board remains optimistic that occupancy will continue to rise.

Contact:

Jonathan ClagueChairman, Industrial Multi Property Trust Plc+44 (0) 1624 681250Tom PissarroFund Manager, Alpha Real Capital LLP +44 (0) 20 7391 4714

Alastair Moreton Financial Adviser & Broker, Westhouse Securities Ltd+44 (0) 20 7600 6118

For more information on the Company please visit www.industrialmultipropertytrust.com

For more information on the Company's Investment Manager please visit www.alpharealcapital.com.

FORWARD LOOKING STATEMENTS

This interim management statement contains forward-looking statements which are inherently subject to risks and uncertainties because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are based on the Board's current view and information known to them at the date of this statement. The Board does not make any undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Nothing in this interim management statement should be construed as a profit forecast