Industrial Multi Property Trust plc, formerly Alpha UK Multi Property Trust plc, is a closed-ended investment company. The Company primarily invests in United Kingdom commercial property. The Company’s objective is to seek improve income, reduce debt and provide the prospect of long term capital growth. The Company’s portfolio consists of a diversified portfolio of about 53 multi‑let properties offering around 507 leasable units with a total floor area of approximately 163,800 square meters (approximately 1.8 million square feet) all of which are located in the United Kingdom. The Company’s portfolio by sectors consists of light industrial properties and office properties. The Company’s investment adviser and manager is Alpha Real Capital LLP

www.alphaukmultipropertytrust.com

still on my own.

Adjusted net asset value ("NAV") per ordinary share - 296 pence as at 30 June 2016 (261 pence at 31 December 2015).

· Adjusted earnings per ordinary share ("EPS") - loss of 6.1 pence for the six months to 30 June 2016 (loss of 7.9 pence for the six months to 30 June 2015).

· New lettings - 27 new lettings and 11 lease renewals achieved during the six months to 30 June 2016 (represents 10.2% of the estimated rental value ("ERV") of the total portfolio based on the final achievable annual rent including stepped rent).

Additional contracted rent - £0.3 million per annum of additional passing rent is contracted to start during the twelve months to 30 June 2017, benefitting cash flow.

· Occupancy improved - the occupancy level by estimated rental value stood at 90.2% as at 31 July 2016 (compared with 89.9% as at 30 June 2016 and 89.3% as at 31 December 2015).
· Portfolio valuation increased - the Group's property portfolio was valued at £85.1 million as at 30 June 2016 (£81.6 million as at 31 December 2015), an increase of £3.5 million (+4.3%) during the six month period.

hello

not looking good

ok now

nice move

· The Directors of Hansteen and the Independent Directors of IMPT are pleased to announce that they have reached agreement on the terms of a recommended all cash offer for the entire issued ordinary share capital of IMPT by Hansteen.

· Under the terms of the Offer, IMPT Shareholders will receive 300p in cash for each IMPT Share held which values the entire issued ordinary share capital of IMPT at £25,228,560.

· The Offer provides an attractive opportunity for IMPT Shareholders to realise in cash, at a premium, their investment in IMPT and represents:

o a premium of 22.4 per cent. over the Closing Price of 245p per IMPT Share on 16 February 2017 (being the latest practicable date prior to this Announcement);

o a premium of 35.1 per cent. to the volume weighted average price of 222.1p per IMPT Share for the three months to 16 February 2017 (being the latest practicable date prior to this Announcement); and

o a premium of 5.6 per cent. over IMPT's last reported NAV at 30 June 2016 of 284p per IMPT Share.

· The IMPT Independent Directors have given notice to IMPT's current investment adviser and manager, Alpha, to terminate the Existing Investment Management Agreement between IMPT and Alpha in accordance with its terms. Hansteen has granted an option to IMPT to appoint Hansteen (or one of its affiliates) as IMPT's new investment adviser and manager, regardless of the outcome of the Offer. The option is conditional upon the Offer becoming unconditional or lapsing.

· Commenting on the Offer, Jonathan Clague, Chairman of IMPT, said:

"The Offer provides all IMPT shareholders with the opportunity of a cash exit at a significant premium to IMPT's recent share price. Furthermore, the 300p per share Offer Price represents considerable progress from IMPT's refinancing in 2013 and over five times the share price of 54p in August 2015 just before IMPT announced initiatives aimed at improving shareholder value."

· The IMPT Independent Directors, who have been so advised by Stockdale, consider the financial terms of the Offer to be fair and reasonable. In providing advice to the IMPT Independent Directors, Stockdale has taken into account the commercial assessments of the IMPT Independent Directors.