Quarterly Factsheet

Invista Foundation Property Tst Ltd
09 February 2007

Invista Foundation Property Trust Limited
Factsheet - 9 February 2007

Key highlights

•         Change of name to Invista Foundation Property Trust
•         Quarterly NAV uplift to December 2006 of 4.1 pence per share or 3.1%
•         Total NAV return for the year to December 2006 of 26%
•         Underlying property valuation uplift over the quarter of £19 million
          or 2.8%
•         Significant transactional and asset management activity

Investment Objective

To provide shareholders with an attractive level of income together with the
potential for income and capital growth from investing in UK commercial
property.

Key Statistics

NAV per share (31/12/2006)                                                                     136.97 pps
Mid share price (08/02/2007)                                                                   134.25 pps
Gross property value*                                                                               £687m
Net debt**                                                                                        £221.6m
Gearing (loan to value)                                                                             31.6%
Ex Div date                                                                               13 January 2007

* Adopting 31/12/2006 valuation together with transactions to 8 February 2007
** On-balance sheet borrowing as at 8 February 2007

Company performance overview

Net Asset Value - As at 31 December 2006 the Company's NAV was 136.97 pence per
share (pps), an uplift of 4.1 pence per share or 3.1% over the September figure
of 132.9 pps.  Over the 12 months to December 2006 the Company's NAV increased
by 23 pps and including the dividend, this provided our Shareholders with a
total NAV return of approximately 26%.  These results take account of a
performance fee accrual to the Manager and the final overage payment to a
previous Vendor.

Property performance relative to peer group - The UK IPD Property Index has
independently assessed the underlying performance of the Company's property
portfolio.  Over the 12 months to December 2006 IPD calculate a total return for
the Company of 24% compared to 17% for the IPD peer group, placing the Company
top in its peer group after all transaction costs.  Central London offices
continue to be a very significant contributor to the Company's strong returns.

Portfolio value - Assuming the December 2006 portfolio valuation and after
recent transactions, the Company now has a property portfolio valued at £687
million.  The Company owns 73 properties with over 250 tenants resulting in an
average lot size of £9.41 million as compared to £6.91 million in December 2005.

Market - Whilst the UK property market continues to deliver good returns, the
divergence between the performance of the main sectors continues with Central
London offices delivering strongest returns.  Increasing interest rates are
having a negative impact on secondary property pricing outside of Central London
and we expect this to continue over 2007.

Portfolio structure

Sector weightings

Retail                                                                                                18%
Offices                                                                                               54%
Industrial                                                                                            21%
Other                                                                                                  7%
Total                                                                                                100%

Note:  Adopting 31/12/2006 valuation together with transactions to 8 February
2007

Regional weightings

Central London                                                                                        33%
South East excl. Central London                                                                       35%
Rest of South                                                                                          7%
Midlands and Wales                                                                                    14%
North and Scotland                                                                                    11%
Total                                                                                                100%

Note:  Adopting 31/12/2006 valuation together with transactions to 8 February
2007


10 largest holdings                                                                      Value         %*
National Magazine House,10/20,Carnaby                                              £56,000,000       8.2%
Street,Soho,London,W1
Minerva House,5&6,Montague Close,London,SE1                                        £53,400,000       7.8%
One Plantation Place Unit Trust                                                    £44,036,300       6.4%
43/45,Portman Square, London                                                       £31,310,000       4.6%
6-8,Tokenhouse Yard, London, EC2                                                   £24,300,000       3.5%
The Galaxy, Luton                                                                  £21,400,000       3.1%
DV3 Mid City Place                                                                 £20,954,000       3.1%
Victory House, Trafalgar Place, Brighton                                           £20,500,000       3.0%
Reynard Business Park, Brentford                                                   £20,000,000       2.9%
Olympic Office Centre, Fulton Road, Wembley                                        £18,000,000       2.6%
Total as at December 2006                                                         £309,900,300      45.1%

*Percentage of Gross Asset Value £309,900,300


10 largest Tenants                                                                        Rent         %*
The National Magazine Co Ltd                                                        £2,300,587       7.1%
Australia & New Zealand Banking Group Ltd                                           £1,460,000       4.5%
Mott MacDonald Ltd                                                                  £1,307,148       4.1%
Reed Smith Services                                                                 £1,295,374       4.0%
The British Broadcasting Corporation                                                  £852,250       2.6%
Grand Metropolitan Estates Ltd                                                        £795,975       2.5%
Recticel SA                                                                           £713,538       2.2%
Total Fitness UK Limited                                                              £678,540       2.1%
Cushman & Wakefield                                                                   £574,128       1.8%
Tucker Crossland Darke                                                                £547,000       1.7%
Total as at December 2006                                                          £10,524,540      32.6%

*Percentage of Total Rental Income per annum



Note:  December 2006 Valuation adjusted for transactions up to 8 February 2007

Acquisitions

The Company has acquired the long leasehold interest in The Galaxy, a town
centre leisure scheme in Luton for £21.2 million.  The price reflects a net
initial yield of 5.2% and is currently 15% vacant, with the rental yield
increasing to approximately 7% on letting.  The scheme has been under managed
with considerable scope for increasing rents.

The Company has acquired the long leasehold interest in three out of town retail
warehouse units in Salisbury for £15.02 million.  The property has one vacant
unit and adjoins a very successful Waitrose supermarket.  There is an
opportunity to let the vacant unit and increase the income yield.

Detailed planning consent has been obtained for the retail warehouse investment
in Basingstoke triggering the acquisition of the site.  The property is pre-let
to Wickes for 25 years at £692,250 per annum.  The Company has committed to
invest £11.9 million several months ago and the price is now below open market
values.

Following the acquisition of a 50% stake in a joint venture that owns an
industrial estate in Oxfordshire, three further adjoining industrial units have
been acquired for £5 million.  The acquisition increases the value of the estate
as at December 2006 to approximately £31 million.  Terms have been agreed for a
20,000 sq ft pre-let on the development land where planning consent has been
obtained for a total of 250,000 sq ft.

In December the Company invested £2.56 million in a Joint Venture to acquire a
19% stake in 35 trade counter properties let to Travis Perkins on 25 year leases
with minimum rental uplifts.

Disposals

The Company has sold small retail properties in Shrewsbury, Harrow, and has
contacted to sell a retail property in Peterborough for a combined consideration
of £6.4 million, 32% ahead of the combined acquisition prices in July 2004.
Since the start of 2006 seven small retail disposals have been completed,
totalling £13.33 million, taking advantage of strong pricing driven by low
borrowing rates.

Active Management and Finance

The top floor of MidCity Place, London WC2 has been let at a rent of £60 per sq
ft, a 100% increase on the previous tenant's rent.  A decision on the 150,000 sq
ft mixed retail warehouse and industrial planning application at Hinckley is
expected in early April 2007.  At Oxford Road Uxbridge, a planning application
has been submitted to extend and comprehensively refurbish the office building
from 39,000 sq ft to 71,000 sq ft.

The Company has increased unsecuritised on-balance sheet borrowings to £69
million, increasing total on-balance sheet borrowings to £222 million reflecting
a loan to value of 32%.  We expect to issue Reserve Notes from the original debt
facility to refinance this unsecuritised figure of £69 million during the first
quarter of 2007.

Contacts

Broker:

JP Morgan Cazenove
20 Moorgate
London EC2R 6DA
Tel:  [phone]
Richard Cotton (Managing Director, Corporate Finance)
Angus Gordon Lennox (Managing Director, Corporate Finance)

Public Relations:

Financial Dynamics
Tel: [phone]
Stephanie Highett


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