7 (Loss)/profit on disposal of investment property
| 2009 | 2008 | |
|---|---|---|
| £m | £m | |
| Disposal proceeds | 201.8 | 72.6 |
| Carrying value | (216.0) | (71.4) |
| Adjustment for rents recognised in advance | (2.4) | – |
| (16.6) | 1.2 |
During 2009, compulsory purchase orders issued under the Crossrail Act 2008 were received in relation to three of the group’s investment properties. The final value to be received in respect of these properties has yet to be determined and, therefore, the disposal proceeds included above for these properties are the director’s best estimates of the amounts to be received.