Hermes sells industrial units with a porosity of 17% UKCPT Dartford result to 6.4%

         UKCPT acquired from existing cash resources. The property is a high quality, modern multi-let industrial estate of 12 units with a gross internal area of ??163 720 square feet (15,245 m2). The space is leased with 10 tenants including Boots UK Limited, Clear Channel UK Limited, Next Group plc and FedEx UK Limited. There are currently two vacant seats on the entire fleet of 13,278 square feet (1,234 m2) that are under 18 months of rent, rates and guaranteed fees Hermes.

Crossways Business Park development is a former Legal & General founder of Dartford exit 1A of the M25. The low yield reflects the limited supply and increasing demand in the region, UKCPT said.

UKCPT porfolio has a value of EUR 30 1025000000 June, half of them in detail, in particular bearing are, 25% offices, 20% and 5% of the industrial recovery, managed by Robert Boag trust manager Ignis Asset Management in Glasgow.

Changes in value have continued to actively Southeast Industrial, which rose in the event of UKCPT favor by 1.5% in the second quarter, while shopping centers lose ground with 5.8% in Q2 alone, while the rest of the UK high street retail is around 2, 4%, according to CBRE, who appreciate this portfolio.

Shopping malls in the portfolio are the Riverside Mall, Darwin and Pride Hill Shopping Centre Shrewsbury and the Sovereign Centre in Weston-Super-Mare. This change in the values ??of shopping centers is indicative of the loss of income that goes Shrewsbury as a tenant leases or fall does not extend to the administration.

The Shrewsbury shopping centers were the ￡ 150 million New Riverside recovery plan agreed, was to begin immediately. It was abandoned, it seems that Robert Boag recently said that several options were studied to maximize returns for shareholders and that the company does not invest, where he thought were the excessive capital requirements.

UK Commercial Property Trust took control of the three centers in March 2010, is currently managed by Ignis Asset Management, advised by Shearer Property Group. The malls have a recent turbulent history shared among Dunedin property they sold in 2006 in the UK Protego actively managed Shopping Centre Fund, which went bankrupt in common ownership in 2003.

Investors were attracted to 7.1% of the performance and demand for shares in last year UKCPT has pushed prices to a premium of 8% compared to the underlying value of the properties in the fund.

Boag looking to buy properties that provide an income of at least 6%. His goal is to protect and we hope that by raising rents proper management of buildings, ultimately for tenants who pay more again.

Boag said: "We have an annual business plan for each property, and if we do not think it can generate the revenue we need, we are not afraid to have a property to sell well," He will. the proceeds from the sale in areas such as dormitories, cinemas, to pay a fair income to reinvest at a relatively low risk.

UKCPT shares yesterday closed at 76.8p against a net asset value per share 68.9p on 30 June