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Property trusts post strong NAV gains for fourth quarter

28th January 2010 Print

Tuesday saw the announcement of net asset values by ISIS Property Trust Ltd and IRP Property Investments Ltd.

Both trusts are managed by Ian McBryde at F&C REIT Asset Management, the specialist property asset manager formed in 2008 when F&C's property division merged with REIT Asset Management.

Based on an external valuation of the portfolio by DTZ Debenham Tie Leung, the net asset value per share of ISIS Property Trust rose by 11.5% between 30 September and 31 December 2009. IRP Property Investments saw its net asset value per share increase by 14.5% over the period. Both the Guernsey-incorporated trusts are due to have their portfolios independently valued again during March, and the NAV per share at 31 March will be announced in April.