To:
Company Announcements
Date:
27 July 2015
Company:
Standard Life Investments Property Income Trust Limited
Subject:
SLIPIT Purchase
Standard Life Investments Property
Income Trust is pleased to confirm it has completed the purchase of
a portfolio of three offices located in York, Milton Keynes, and
Dartford for a total of £13.25m, reflecting an initial yield of
7.4%.
Jason
Baggaley, Fund Manager of SLIPIT, said: “This purchase
continues our approach of buying quality office properties in
strong locations, let to prime tenants. We believe each of the
offices has good potential for rental growth over the medium term,
whilst providing an attractive income return in the meantime.
Following this transaction, the
Company has an investment portfolio of 42 properties totalling just
over £300m. It is also in solicitors hands on three other purchases
and two sales.
All enquiries:
The Company Secretary
Northern Trust International Fund Administration Services
(Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Sharon Ann
Williams
Tel: 01481 745436
Fax: 01481 745086