| A A A09 Aug 2006
Blackrock International Land plc, the Dublin-based property company which listed on 15 May 2006, is pleased to announce a further property investment in the UK.
The property comprises c.16,000 square feet of modern office accommodation in the business core of Milton Keynes in England. The offices are let to strong covenants on long-term leases with an average unexpired term of seven years at a total rent of €280,000 per annum.
This property will add to the Group's significant UK investment portfolio and may, in addition, have longer-term development potential.
The consideration being paid for the purchase is €4.5m. This brings the total investment by Blackrock since it listed to €13.5m, including the recent acquisitions of an investment property in Dublin and development lands in Edinburgh.
Commenting on the acquisitions, Blackrock Chairman Carl McCann said:
' We are pleased to have secured this addition to the Group's property portfolio. Several other transactions in a number of locations are under consideration at this time and we would anticipate further announcements this year.'
Blackrock International Land plc
For further information please contact:
Andrew McLindon, Wilson Hartnell PR
Tel: +353-1-669 0030
