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Property
Trust(PVT) Holdings Ld
6 January 2000 |
Acquisition
of 44 High Street Barnstaple and 7-8 The Parade, Northampton
The Directors are pleased to announce that contracts have been
exchanged for the acquisition of freehold retail and office
properties situated at 44 High Street, Barnstaple, Devon and 7-8 The
Parade, Northampton. The aggregate purchase consideration of
£1,890,000 will be satisfied in cash, financed by a new
loan facility and out of the Company's
resources.
The Barnstaple property, which consists of approximately 2,536 sq. ft
of retail accommodation is let to Vision Express (UK) Limited for 15
years from18th September, 1998 and currently produces an aggregate
net rental income of £52,000 per annum, representing an initial
yield net of purchase costs ofapproximately 7.5%. The
property in Northampton, which consists of approximately 12,595 sq.
ft of retail and office accommodation is let to Alliance and
Leicester plc for 25 years from 21st November, 1978 at a current rent
of £114,000 per annum, representing an initial
yield net of purchase costs of approximately 8.8%.
The directors believe that the acquisitions are in accordance with
the Company's acquisition policy. Completion of both acquisitions is
expected to take place by 27th January, 2000. |
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Property
Trust(PVT) Holdings Ld
24 January 2000 |
The Directors are pleased to announce that completion has taken place
for the disposal
of the freehold retail property at 1-30 High Parade,
Streatham, London SW16. The cash consideration for the disposal of
£3,050,000, which is in excess of net book value,
represents a yield of 11.57% after
allowing for costs.
The net proceeds of sale, after repayment of associated bank
indebtedness, will be retained for the purposes of working capital. |
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Property Trust(PVT)
Holdings Ld
27 January 2000 |
The Directors are pleased to announce that contracts have been
exchanged for the acquisition
of a portfolio of freehold retail properties situated at Westbrook
Walk, Alton, Hampshire; 29 and 31 Newport Street, Bolton, Lancashire;
10 Piccadilly, Hanley, Stoke - on - Trent; and 2/4 High Street and
38/40 College Street, Rotherham, Yorkshire. The aggregate purchase
consideration of £5,450,000 will be satisfied in cash, financed
by a new loan facility negotiated for the purpose and out of
the company's own resources.
The portfolio, which consists of approximately 32,200 sq. ft. of
lettable space, currently produces an aggregate net annual rental
income of £532,125 p.a., representing an
initial yield, net of purchase costs, of 9.28 per cent. The
properties are let to tenants including Bon Marche Ltd, Toni and Guy,
Arcadia Group, Holland and Barrett and Stead and Simpson..
The Directors believe that the acquisition is in accordance with the
Company's acquisition policy. Completion of the acquisition is
expected to take place by 4th February, 2000. |
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As reference to
the statement on Interims below indicates, the company is no slouch
at keeping well up to date with events. |
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Property Trust(PVT)
Holdings Ld
28 January 2000 |
INTERIM RESULTS
FOR THE 6 MONTHS ENDED 30TH SEPTEMBER, 1999
For the six months ended 30th September, 1999 the Group achieved a profit
of £801,000.
During this six month period the Group has acquired a portfolio of
freehold retail properties for a consideration of £3.82 million
and a portfolio of freehold industrial, retail and office properties
for a consideration of £3.48 million. These properties will add
a total of approximately £728,000 per annum to the
Group's rent-roll. We also disposed of the entire issued share
capital of a wholly owned subsidiary at its net asset value of
approximately £1.45 million.
Since September, 1999 the Group has completed the purchase of three
other freehold investment properties for an aggregate cash
consideration of £3.49 million. These retail and office
properties, situated at Wrexham, Northampton and Barnstaple, are let
principally to J.D. Wetherspoon, Alliance & Leicester plc and
Vision Express for a total of approximately £312,000 per annum.
We also completed the disposal of our freehold retail properties in
Streatham for £3.05 million, in excess of its net book value.
In the last few days, contracts have been exchanged for the purchase
of a portfolio of four freehold retail properties situated at Alton,
Bolton, Hanley and Rotherham for an aggregate consideration of
£5.45 million. The tenants of these properties include Arcadia
Group plc, J.W. Carpenter Limited, Royal National Institute for the
Blind, Holland & Barrett, Stead & Simpson plc, Bon Marche
Limited and Toni & Guy. The total rental contribution of these
properties will be approximately £532,000 per annum.
The Far East market has continued to strengthen
and it is now foreseeable that our development project in China will resume.
Anthony Cheng Chairman
28th January, 2000 |
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Property
Trust(PVT) Holdings Ld
21 February 2000 |
Acquisition
of Prospect House, Silverdale Business Park, Silverdale, Newcastle-Under-Lyme,
Staffordshire
The Directors are pleased to announce that contracts have been
exchanged for the acquisition of a freehold warehouse office property
situated at Prospect House, Silverdale Business Park,
Newcastle-under-Lyme, Staffordshire. The purchase consideration of
£1,150,000 will be satisfied in cash
provided out of the company's own resources.
The property, which consists of approximately 20,000 sq. ft. of
warehouse office accommodation is let to Sumitomo Electric Wiring
Systems (Europe) Limited for a term of 15 years from 29th September
1999, and currently produces a net rental income of £120,000 per
annum, representing an initial yield net of
purchase costs of approximately 10 per cent.
The Directors believe that the acquisition is in accordance with the
company's acquisition policy. Completion is expected to take place by
8th March 2000. |
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Property
Trust(PVT) Holdings Ld
16 March 2000 |
The Directors are pleased to announce that contracts have been
exchanged for the disposal
of the freehold office property at Petersfield Business Park,
Petersfield, Hants. The cash consideration for the disposal of
£730,000, which is in excess of net book value, represents a yield
of 8.1% after allowing for costs.
The net proceeds of sale, after repayment of associated bank
indebtedness, will be retained for the purposes of working capital. |
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Property
Trust(PVT) Holdings Ld
21 March 2000 |
Acquisition
of Firgrove House and Chenet House, Watling Street, Cannock, Staffordshire
The Directors are pleased to announce that contracts have been
exchanged for the acquisition of freehold industrial office
properties situated at Firgrove House and Chenet House, Watling
Street, Cannock, Staffordshire. The purchase consideration of
£1,800,000 will be satisfied in cash provided through a new
loan facility negotiated for the purpose and out of the company's
own resources. The properties consist of approximately
58,000 sq. ft. of industrial office accommodation which will be let
on completion to Albion Pressed Metal Limited for a term of twenty
years. The net initial rental income will be £175,000 per annum
representing an initial yield net of purchase
costs of approximately 9.24 per cent.
The Directors believe that the acquisition is in accordance with the
company's acquisition policy. Completion is expected to take place by
2nd May, 2000. |
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Property
Trust(PVT) Holdings Ld
3 July 2000 |
Acquisition
of 6 Jupiter Court, Dominus Way, Meridian Business Park, Leicester
The Directors are pleased to announce that contracts have been
exchanged for the acquisition of freehold office properties situated
at 6 Jupiter Court, Dominus Way, Meridian Business Park, Leicester.
The purchase consideration of £1,065,000 will be satisfied in
cash provided through a new loan facility
negotiated for the purpose and out of the company's
own resources.
The properties consist of approximately 10,000 sq. ft. of newly
constructed high quality office accommodation with 44 car parking
spaces, approximately 50% of which is let to McLean Homes Holdings
Limited for a term of ten years from 24th May 2000. The net initial
rental income is £62,850 per annum representing an initial
yield net of purchase costs of approximately 5.58 percent.
The Directors believe that the acquisition is in accordance with the
company's acquisition policy. Completion is expected to take place by
11th August, 2000. |
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Preliminary Results |
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Property
Trust(PVT) Holdings Ld
31 July 2000
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Preliminary
announcement of results for the year ended 31st March 2000
Chairman's Statement
I am pleased to report that the profit before taxation for the year
ended 31st March 2000 was approximately £1.8 million, compared
with nearly £2.1 million in 1999. The slight fall in profit is a
short-term reflection of the regeneration of our property portfolio.
The disposal of the entire share capital of Busyglen Ltd, a wholly
owned subsidiary, was completed at the beginning of the year. The
principal asset of Busyglen was an office building situated in
Sheffield which was revalued at £5.3 million on disposal
compared with the historical cost of the building of approximately
£3.9 million.
During the year we completed the purchase of 19 investment properties
at an aggregate cost of #20.6 million. They include 12 retail
properties totalling approximately 65,000 sq ft let to tenants
including Superdrug, Next, Our Price, Imperial Cancer Research,
George Oliver (Footwear) plc, Mr Minit plc, Partners Stationers,
Papertree Ltd, Bon Marche Ltd, Toni & Guy, Arcadia Group plc,
Holland & Barrett, Stead & Simpson and Vision Express, a
13,000 sq ft retail/office building let to Alliance & Leicester,
a 14,000 sq ft licenced property let to J.D. Wetherspoon, a 10,000 sq
ft office building let to the Secretary of State, 3 warehouse/offices
totalling approximately 70,000 sq ft let to tenants including
Nottingham County Council and Sumitomo Electric Wiring Systems
(Europe) Ltd and a 20,000 sq ft office building in the City of London
let to Moorfield Eye Hospital NHS Trust, National Association of
Citizens' Advice Bureau and Lion Recruitment Ltd. Together the
properties generate an annual rental income of almost £2 million
giving an average gross yield of approximately 9.6%.
We also completed the disposals of the freehold retail property at
Streatham, South London for £3.05 million and the freehold
office building at Petersfield for £730,000. Both disposals were
in excess of the net book values of the properties.
In July and September 1999 respectively, we purchased for
cancellation 314,328 Common Shares at 54p each and 82,500 Common
Shares at 52p each in accordance with put option agreements entered
into in 1997. There are no remaining option agreements that require
the Company to purchase its shares.
With China's impending accession to the World Trade Organisation,
many international companies are showing a renewed interest in
establishing a foothold in China. There is a strong indication of
increasing demand for domestic housing. We remain confident that our
development project in Guangzhou will be a success.
On 3rd July 2000 we announced that contracts had been exchanged for
the acquisition of a 10,000 sq ft newly constructed high quality
freehold office building at Meridian Business Park, Leicester.
Approximately 50% of the property is let to McLean Homes Holdings Ltd
for a term of 10 years from 24th May 2000. The net initial rental
income is £62,850 per annum representing a gross initial yield
of almost 6% on the purchase price of £1,065,000. Completion is
expected to take place by 11th August 2000.
Our investment properties in the UK have a total book value of
approximately £60m and they currently generate an aggregate
annual rental income of approximately £5.5 million. Your
Directors continue to look to the future with confidence.
In view of the size of the Company, the Directors believe the
interests of the shareholders are best served by the retention of
resources. Accordingly, the payment of a dividend is not recommended.
Anthony Cheng
Chairman
31st July 2000 |
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Property
Trust(PVT) Holdings Ld
14 August 2000 |
The Directors are pleased to announce that contracts have been
exchanged for the disposal
of the freehold office property at The Point, Parkway, Newbury,
Berkshire. The cash consideration for the disposal of £900,000, which
is in excess of net book value, represents a yield
of 8.9 per cent after allowing for costs.
The Company has also recently disposed
of an office building at Ambassador Place, Stockport Road,
Altrincham, for £370,000 and an industrial property at Pearson
Street Industrial Estate, Blackburn, Lancashire, for £500,000. The
respective yields, after allowing for costs, are 7.7 per cent and
9.4 per cent.
The net proceeds of sale of these properties,
after repayment of associated bank indebtedness, will be retained for
the purposes of working capital. |
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Property
Trust(PVT) Holdings Ld
25 August 2000 |
Doc Re Report
and Accounts 2000
A copy of the above document has been submitted to the UK Listing
Authority, and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel. no. (0)20 7676 1000
(Documents will usually be available for inspection within six normal
business hours of this notice being given). |
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Property
Trust(PVT) Holdings Ld
8 September 2000 |
Disposal of
Carlton Real Estates Developments Limited
The Directors are pleased to announce that they have exchanged
contracts for the sale of the issued share capital of Carlton Real
Estates DevelopmentsLimited (Carlton) to Newport Holdings PLC
(Newport). The sole asset of Carlton is a virtual freehold interest
in a property situated at Green Lane, Walsall, which presently
produces an annual rental income of approximately £150,000 p.a.,
increasing to £170,600 p.a. by April 2001. The consideration, in
the sum of £1,900,000 will be satisfied through the issue to
Property Trust of 1,192,663 new ordinary shares of 25p each in
Newport at an issue price of 125p per share, representing
approximately 9 per cent of the enlarged share capital of Newport and
the balance in cash. The new ordinary shares to be allotted to
Property Trust will rank pari passu with the existing issued ordinary
shares of Newport.
The new ordinary shares in Newport to be allotted
to Property Trust will be retained as a long term investment, and the
cash consideration will be applied towards working capital.
Completion of the acquisition is expected to take place by 19th
September 2000. Mr. A. Cheng and Mr. N. Chan, respectively the
Chairman and Managing Director of Property Trust, have been invited
to join the board of Newport on completion of the acquisition. |
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Property
Trust(PVT) Holdings Ld
20 September 2000 |
Acquisition of
a portfolio of industrial and office buildings from Century Life PLC
The Directors are pleased to announce that contracts have been
exchanged for the acquisition
of four freehold industrial and office properties situated at
Leicester, Chippenham, Maidstone and Ipswich. The purchase
consideration of approximately £5,300,000 will be satisfied in
cash provided through a new loan facility
negotiated for the purpose and out of the company's
own resources.
The properties consist of approximately 85,000 sq. ft. of industrial
and office accommodation which are let to Delifrance (UK) Ltd, Herman
Miller, Prudential, UDT Limited and the Secretary of State for the
Environment for an average unexpired term of eleven and a half years.
The net initial rentalincome will be £537,100 per annum
representing a gross initial yield of approximately 10.13 per cent.
The Directors believe that the acquisition is in accordance with the
company's acquisition policy. Completion is expected to take place by
9th November 2000. |
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Interims to
Sept 2000. |
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Property
Trust(PVT) Holdings Ld
18 December 2000
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PROPERTY TRUST
(PVT) HOLDINGS LIMITED
Interim results for the six months ended 30th September 2000 For the
six months ended 30th September 2000 the Group achieved a profit of
£1,103,000 before taxation.
During this six month period the Group has acquired a 10,000 sq ft
newly constructed high quality freehold office building and a
portfolio of properties.
The 10,000 sq ft freehold office building is located at Meridian
Business Park, Leicester. Approximately 50% of the property is let to
McLean Homes Holdings Ltd for a term of 10 years from 24th May 2000.
The net rental income before the remainder is let is £62,850 per
annum representing a gross initial yield of almost 6% on the purchase
price of £1,065,000.
The portfolio consists of approximately 85,000 sq ft of freehold
industrial and office accommodation which are let to Delifrance (UK)
Ltd, Herman Miller, Prudential, UDT Ltd and the Secretary of State
for the Environment for anaverage unexpired term of eleven and half
years. The net rental income is £537,100 per annum representing
a gross initial yield of approximately 10.13% on the purchase price
of £5,300,000.
We have in this period disposed of a freehold office property at The
Point, Parkway, Newbury for a cash consideration of £900,000, a
freehold office building at Ambassador Place, Altrincham for
£370,000 and a freehold industrial property at Pearson Street
Industrial Estate Lancashire for £500,000. The respective yields
after allowing for costs are 8.9%, 7.7% and9.4%.
We have also disposed of the entire issued share capital of Carlton
Real Estates Developments Ltd to Newport Holdings PLC. The sole asset
of the company is a virtual freehold interest in a property situated
at Green Lane,Walsall which has an annual rental income of
approximately #150,000 pa. The consideration of #1,900,000 was
satisfied through the issue to the Group of 1,192,663 new ordinary
shares in Newport Holdings PLC at an issue price of 125p per share,
representing approximately 9% of the enlarged share capital of
Newport Holdings PLC, and the balance of approximately #400,000 in
cash. The new ordinary shares are held by us as a long term
investment. On completion,Mr N Chan and I joined the board of Newport
Holdings PLC.
Silvergain Ltd, the joint venture vehicle through which the Group has
a one third interest in a development project in Guangzhou, is
negotiating to buy out the minority interest from its local partner
in China. The cost attributable to the Group is estimated to be #3m.
I have proposed to provide any funding required on normal commercial
terms. Continuing progress is being made in the development project.
The directors remain confident that it will be a success.
Anthony Cheng
Chairman
18th December 2000 |
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Property
Trust(PVT) Holdings Ld
22 December 2000 |
Acquisition of
office building from The Wellcome Trust
The Directors are pleased to announce that contracts have been
exchanged for the acquisition
of a freehold office building situated in Leicester. The purchase
consideration of £1,050,000 will be satisfied in cash provided
through a new loan facility negotiated for the purpose
and out of the Company's own resources.
The property consists of approximately 16,441 sq ft and is let to
Grattan Plc for a term of 15 years from the 25th March 1994. The net
initial rental income is £100,500 per annum representing a gross
initial yield of approximately 9.57 per cent.
The Directors believe that the acquisition is in accordance with the
Company's acquisition policy. Completion is expected to take place by 31/01/2001. |
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RNS Number:1715D
Property
Trust(PVT) Holdings Ld
4 May 2001 |
Property
Trust(PVT) - Disposal
Disposal of Property
The Directors are pleased to announce that contracts have been
exchanged for the disposal of the freehold office property known as
Thame House at Castle Street, High Wycombe, Bucks. The cash
consideration for the disposal of £3,110,000, which is in excess
of net book value, represents a yield of 7.8 per cent after allowing
for costs.
The net proceeds of sale of this property, after repayment of
associated bank indebtedness, will be retained for the purposes of
working capital.
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LONDON (AFX)
JUNE 20 2001 |
Property Trust said it has sold
its freehold retail properties at Peascod Street Windsor, Market
Place Cannock and High Street Epsom, a warehouse at Halesfield
Telford and an office building at Silverdale.for a total 4.625
mln stg in cash.
The company said it will use the net proceeds from the sales as
working capital and for repayment of bank debts.
The proceeds exceed the net book value and represent a yield
of 8.3 pct after costs, it added. |
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LONDON (AFX)
JUNE 20 2001 |
In addition, the company said it has bought
the freehold title to an 11,000 square foot office building on a two
acre site in Redditch for about 1.575 mln stg in cash
The purchase is financed by a new loan facility and completion
is expected by July 17.
The Redditch building is currently leased to RVSI Europe Ltd for 15
years at 141,250 stg per year from 1998 and is guaranteed by U.S.
holding company Robotic Vision Systems Inc, it said.
The income represents a net initial
yield of 8.5 pct, it added.
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