4th Aug 2005 11:00
Insight Foundation Property Tst Ltd04 August 2005 4th August 2005 Insight Foundation Property Trust Limited Acquires Stake in Mid City Place, High Holborn, London WC1 The Insight Foundation Property Trust Limited ('the Company') has acquired a19.5% stake in Mid City Place from clients of Delancey for approximately £10million, reflecting an underlying yield of 6%. Mid City Place is a primeoffice and retail development located on the north side of High Holborn, LondonWC1. The property comprises 350,000 sq ft of prime office and retail accommodation,and is let to 11 tenants on 15 leases. The tenants include Towers Perrin, EDFTrading and Mitsubishi Corporation. The Company will be investing alongside clients of Delancey and the WestburyProperty Fund Limited. Enquiries:Duncan Owen (Insight Investment Management) Tel: 020 7321 1676Paul Smith / Jeff Lanyon (RBSI) Tel: 01481 740 820Stephanie Highett / Dido Laurimore (Financial Dynamics) Tel: 020 7831 3113 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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