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You are here: Announcement

Tuesday 18 January, 2011

RNS Number : 6128Z
ISIS Property Trust Limited
18 January 2011

To:                   RNS

From:              ISIS Property Trust Limited                             

Date:               18 January 2011





ISIS Property Trust Limited, on 13 January 2011, exchanged contracts to purchase a retail warehouse at Hope Mill Retail Park, Foundry Street, Bury for £7,050,000 reflecting a net initial yield to the Company of 6.95%. This purchase has been made by way of a forward commitment and it is anticipated that the completion of the purchase will take place in May 2011.


The development is prominently located close to the town centre and within an established edge of centre retail warehouse location. The property extends to 35,000 sq ft, (3,252 sqm), and provides 135 car parking spaces.


The entire property is held freehold and has been let to three tenants, Dreams plc, Pets at Home Ltd and Smyths Toys (UK) ltd, on full repairing and insuring terms, by way of 15 year leases with five year upward only rent reviews.



All Enquiries:


The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port


GY1  3QL


Tel: 01481 745001

This information is provided by RNS
The company news service from the London Stock Exchange
Data provided by FE. Care has been taken to ensure that the information is correct, but FE neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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