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Dublin property rented

10 Jan 2007

Blackrock International Land plc is pleased to announce that it has agreed a short term lease of its recently acquired investment property in Santry, Dublin at an annual rent of €650,000, equivalent to a net initial yield of 6.7%.

The property is a third generation distribution facility of 6,190 m sq, located in Woodford Business Park, north of Dublin city and close to the new Dublin Port Tunnel and the M50. It was purchased in November 2006 for a total outlay, including costs, of €9.75 million.

Blackrock International Land plc
10 January 2007

For further information, please contact:

Brian Bell, WHPR - Tel: +353-1-669-0030