TIDMMAX 
 
RNS Number : 4141A 
Max Property Group PLC 
07 October 2009 
 

Max Property Group Plc 
 
 
 
 
Completion of Industrious acquisition 
 
 
The Board of Max Property Group Plc is pleased to announce the completion of the 
acquisition of the Industrious portfolio on 7 October 2009.  Two properties have 
been simultaneously sold for a net cash consideration of GBP20m reducing the 
purchase price including all acquisition costs to GBP227m. 
 
 
The initial yield on the portfolio on a conventional valuation basis is 12.7% 
and the 'true' net initial yield after deduction of void costs and all portfolio 
running costs including the running of the Industrious business is 10.3%. 
 
The portfolio is a high yielding, predominantly freehold portfolio with wide 
geographic spread and good diversification of tenant risk, acquired from the 
Receivers of the Industrious Group.  The portfolio comprises 85 properties with 
1,262 lettable units and 7.34m sq ft of which 1.49m sq ft is currently vacant. 
The purchase is financed by a GBP127.7m non recourse loan from Eurohypo AG, with 
the balance being satisfied from the Group's existing cash resources. 
 
The running yield on equity invested is initially 17%. The Group's free cash 
immediately after completion amounts to c. GBP110m. 
 
Further details of the portfolio are set out in the investor presentation posted 
to the Company's website, www.maxpropertygroup.com, today. 
 
 
7 October 2009 
 
 
 
 
 
 
 
 
ENQUIRIES: 
 
 
+----------------------------------------------+----------------------------+ 
| Prestbury Investments LLP                    | Tel: 020 7647 7647         | 
+----------------------------------------------+----------------------------+ 
| Nick Leslau                                  |                            | 
+----------------------------------------------+----------------------------+ 
| Mike Brown                                   |                            | 
+----------------------------------------------+----------------------------+ 
|                                              |                            | 
+----------------------------------------------+----------------------------+ 
| College Hill                                 | Tel: 020 7457 2020         | 
+----------------------------------------------+----------------------------+ 
| Gareth David                                 |                            | 
+----------------------------------------------+----------------------------+ 
|                                              |                            | 
+----------------------------------------------+----------------------------+ 
| Morgan Stanley (NOMAD)                       | Tel: 020 7425 8000         | 
+----------------------------------------------+----------------------------+ 
| Jonathan Lane                                |                            | 
+----------------------------------------------+----------------------------+ 
| Mark Brooker                                 |                            | 
+----------------------------------------------+----------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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