Allsop - General Sale - UK

Date: 29 May 2008

Allsop's National Investment Team have completed on the sale of the Invesco Property Income Trust. This is a very important sale for the market representing 1 of 2 asset portfolios to have been successfully completed in 2008. Richard Barnes, chairman of the trust, comments: 'We are pleased to have achieved this disposal, of a substantial portfolio of non-core properties in the UK.'

The portfolio of 15 properties has been sold for £44.4m and will allow Invesco to maintain and hopefully improve the quality and risk/reward characteristics of the retained portfolio.

The assets comprise:

- Five offices in Aylesbury, Hampton Hill, Huntingdon, Kingston-Upon-Thames, Portsmouth
- Seven warehouses, with two in Huntingdon and the others in Leicester, Maidstone, Peterborough and Rotherham
- Three shops in London, Northampton and Peterborough

Jeremy Hodgson Partner of Allsop comments 'Having witnessed from other agents the difficulty of selling portfolios in the current financial climate we are delighted to have conducted this sale successfully and in a relatively short time frame. Furthermore the portfolio received four strong bids all of which stemmed from the private market. This reflects Allsop's unique advantage of having access to the less well covered private investors.'

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