Disposal of Property

F&C COMMERCIAL PROPERTY TRUST LIMITED - Disposal of Property

PR Newswire

London, July 3

To: RNSDate: Friday 3rd July 2015From: F&C Commercial Property Trust Limited 

Disposal of Property

The Board announces that, on 30 June 2015, the Company completed the sale of its Absolute Ownership (Scottish equivalent to English Freehold) in 124-125 Princes Street, Edinburgh for £18.05 million. The property comprises a seven storey building providing a prominent retail unit and office accommodation on the upper floors. The retail unit is currently let to Urban Outfitters and the offices to five other tenants. The sale price compares to the valuation as at 31 December 2014 of £15.10 million.

The disposal realises substantial capital growth following the completion of a programme of asset management activities which included the refurbishment of the office floors and the successful leasing of those floors. The property is now fully let providing an opportune time to sell the asset and to redeploy the capital into new asset management opportunities within the portfolio.

All enquiries to:

The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt. Peter PortGuernsey GY1 3QLTel: 01481 745324Fax: 01481 745051 

Richard KirbyF&C REIT Property Asset Management plcTel: 020 7499 2244 

Graeme CatonWinterflood Securities LimitedTel: 020 3100 0268