REG - Value & Index Prop - Fixed Rate Borrowings and Property Purchase

Value and Indexed Property Income TrustAnnouncement

15/05/2026 07:00

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RNS Number : 4226E  Value and Indexed Prop Inc Tst PLC  15 May 2026

VALUE AND INDEXED PROPERTY INCOME TRUST PLC

 

FIXED RATE BORROWINGS AND PROPERTY PURCHASE

 

BORROWINGS

 

Value and Indexed Property Income Trust PLC (VIP) is pleased to announce the
conversion of its undrawn £15 million Revolving Credit Facility, arranged in
August 2025, to a Fixed Term Loan maturing on 31 March 2033.  The loan was
drawn down in full on 7 May 2026 at a fixed interest rate of 5.9% (1.3% above
7-year gilts) and will be used to fund new acquisitions.  This brings VIP's
average interest rate on all borrowings to 4.9% (of which 96% is at a fixed
rate expiring in 2033).  The loan to value ratio is 36%.

 

NEW PURCHASE

 

Following the receipt of £5.44 million from the sale of 2,554,000 shares from
Treasury in April 2026 at 213p, at a premium to the Company's latest published
Net Asset Value per Share, VIP has bought a freehold cinema in the affluent
commuter town of Esher in Surrey for £4.6 million, at a net initial yield of
9.0%, rising to an estimated 9.3% in July this year.  This four screen cinema
is let to Everyman Media Group Plc for a further 19.2 years, with annual
RPI-linked rent reviews, subject to a collar and cap of 1% and 5%.

 

Following completion of the purchase on 2 June, the portfolio's net initial
yield will remain at 6.8% and the portfolio's WAULT (Weighted Average
Unexpired Lease Term) will increase to 13.9 years to break from 13.6 years and
16.0 years to expiry from 15.8 years.

 

Further information can be found here:

https://www.olimproperty.co.uk/value-and-indexed-property-income-trust.html
(https://www.olimproperty.co.uk/value-and-indexed-property-income-trust.html)

 

Enquiries:

OLIM Property Limited, Investment Manager

Tel: 020 7846 3252

Sarah.martin@olimproperty.co.uk (mailto:Sarah.martin@olimproperty.co.uk)

Matthew.oakeshott@olimproperty.co.uk
(mailto:Matthew.oakeshott@olimproperty.co.uk)

Louise.cleary@olimproperty.co.uk (mailto:Louise.cleary@olimproperty.co.uk)

 

Maven Capital Partners UK LLP

Company Secretary

Tel: 0141 306 7400

 

15 May 2026

 

Important information

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the Market
Abuse Regulations (EU) No. 596/2014, which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended. Upon the publication of this
announcement via Regulatory Information Service, this inside information is
now considered to be in the public domain.

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