API Abrdn Property Income Trust Limited

To:       Company Announcements
Date:     9th March 2015
Company:  Standard Life Investments Property Income Trust Limited

Subject: SLIPIT Purchase


Standard Life Investments Property Income Trust is pleased to confirm that it
has completed the purchase of a retail warehouse investment in Preston for
£15.9m, at a yield of 7%. The property is let to DSG for a further 16 years with
fixed increases in the rent every five years. The unit is adjacent to the
dominant park in the town and opposite a food store. The purchase takes the
Company's gross assets to just over £300m based on the December 2014 valuations.

Jason Baggaley, Fund Manager at Standard Life Investments, said "The purchase
provides the Company with an attractive income stream from a good quality
tenant and property. The purchase utilises the majority of the cash from the
recent equity raise and is accretive to the revenue account."


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 745085