(IFD.L) Invista Foundation Property Trust Ltd Buy/Sell

RNS Number : 1240I Invista Foundation Property Tst Ltd 05 March 2010

5 March 2010

Invista Foundation Property Trust Limited (the "Company" / "Group")

IFPT secures major new occupier, Bupa International, at Victory House, Brighton and new letting to Mott MacDonald

Invista Foundation Property Trust has exchanged an agreement for a new lease with Bupa Insurance Services Limited ("Bupa International") at Victory House, Brighton. Bupa International is taking 45,000 sq ft of office space on a new fifteen year lease with a break at year ten, at a rent of £960,754 per annum, equating to £21.50 per sq ft. Mott MacDonald will remain in the balance of the space (36,688 sq ft) on a new fifteen year lease with no breaks paying £790,000 per annum.

The Agreement for Lease with Bupa International is conditional on Invista refurbishing the offices to Bupa's specification, at a cost of approximately £2.9 million, with the works expected to be completed in Q3 of 2010. Upon expiry of the Bupa International rent free period of nineteen months, the total rent produced by the building will be £1.75 million per annum up from £1.3 million per annum before the two new lettings to Mott MacDonald and Bupa International.

Victory House was the Company's largest void and following completion of the letting the overall portfolio vacancy rate as a percentage of rental value will fall from 11.7% to 8.2%.

Duncan Owen, Chief Executive of Invista Real Estate Investment Management said:

"This is a very good letting to a strong tenant and for a long new lease. The capital investment in the property to secure the letting is consistent with our strategy of maximising income from our portfolio and driving capital value growth. The attractive terms achieved in a challenging letting market reflect the high quality of this prime office building in Brighton."

RNS Number : 7079H Invista Foundation Property Tst Ltd 25 February 2010

Today's closing auction call period has been extended in this security by 5 minutes.

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The applicable percentage is set by reference to a security's TradElect sector. This is set out in the Sector Breakdown tab of the TradElect Parameters document at www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices

This information is provided by RNS The company news service from the London Stock Exchange

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RNS Number : 4653H Invista Foundation Property Tst Ltd 22 February 2010

22 February 2010

Invista Foundation Property Trust Limited (the 'Company' / 'Group')

ACQUISITION OF A NEW HIGH QUALITY OFFICE

Invista Foundation Property Trust announces that it has entered into a forward commitment to purchase a pre-let office development in West Bromwich near Birmingham, for £14.955 million. On completion the property will be let to BT plc on a new 15 year lease, without tenant options to break, at an initial rent of £1.2 million per annum.

The lease will benefit from fixed uplifts of 3% per annum throughout the term of the 15 year lease. The price reflects a net initial yield of 7.6%, after normal purchaser's costs. The deal is subject to conditions that are expected to be satisfied over the next three months and completion of the development is expected in August 2011.

Duncan Owen, Chief Executive of Invista Real Estate Investment Management said:

"This acquisition is consistent with the Company's strategy to acquire well let and high yielding assets. We have been targeting assets away from currently fashionable areas that we regard as being too competitively bid to acquire at fair value and this purchase demonstrates that, by doing this it is consequently possible to secure good quality property investments at high income yields. The fixed minimum annual rental uplifts on the lease to BT plc also provide the Company with a very attractive income growth profile in line with the Company's strategy of increasing income. Invista is also considering other interesting acquisitions on behalf of the Company and we continue to make good progress on key asset management initiatives that should also further enhance rental income."

RNS Number : 7447G Invista Foundation Property Tst Ltd 05 February 2010

INVISTA FOUNDATION PROPERTY TRUST LIMITED

05 February 2010

In accordance with the requirements of the Listing Rule 9.6.14, Invista Foundation Property Trust Limited announces that Andrew Sykes will be joining the Board of SVG Capital plc as an independent Non-Executive Director with effect from 8 February 2010.

All Enquiries:

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745529

This information is provided by RNS The company news service from the London Stock Exchange

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