27th Jul 2007 15:35
Invista Foundation Property Tst Ltd27 July 2007 27 July 2007 Invista Foundation Property Trust Limited (the 'Company') ANNOUNCEMENT OF CENTRAL LONDON OFFICE DISPOSAL Invista Foundation Property Trust Limited (the 'Company') announces that it hastoday exchanged contracts for the sale of its 19.73% stake in Mid City Place,High Holborn, London WC1. Completion is scheduled for early August 2007. TheCompany will receive approximately £21.5 million at completion. The Company initially invested £9.8 million in August 2005 and benefited fromre-finance proceeds of £8.1 million in April 2006. The disposal thereforerepresents the conclusion of a very profitable investment. -ENDS- For further information: For further information: Duncan Owen Invista Real Estate Investment Management Tel: 020 7153 9300 David Sauvarin Northern Trust International Fund Administration services (Guernsey) Ltd Tel: 0148 174 5529 Stephanie 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:
Schroder Real