To:                  RNS
    Date:               Friday 3rd July 2015
    From:               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 Secretary
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Trafalgar Court
    Les Banques
    St. Peter Port
    Guernsey GY1 3QL
    Tel: 01481 745324
    Fax: 01481 745051
     

    Richard Kirby
    F&C REIT Property Asset Management plc
    Tel: 020 7499 2244
     

    Graeme Caton
    Winterflood Securities Limited
    Tel: 020 3100 0268