API Abrdn Property Income Trust Limited

To:                   Company Announcements

Date:                18 July 2017

Company:           Standard Life Investments Property Income Trust Limited

Subject:           SLIPIT Purchase

Standard Life Investments Property Income Trust is delighted to have completed the purchase of a multi let office in Central Manchester for £8.1m, reflecting an initial yield of 6.4%.

Jason Baggaley, fund manager, commented “We acquired this multi let office in an off market transaction. The old converted warehouse provides great office accommodation let off low rents with prospects for strong rental growth in the future in one of the key office markets in the UK.

All enquiries to:
Jason Baggaley
Fund Manager
Real Estate Investments
Standard Life Investments
1 George Street, Edinburgh, EH2 2LL
Tel: +44 (0)131 245 2833
jason_baggaley@standardlife.com


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