To:
Company Announcements
Date: 28 July
2017
Company:
Standard Life Investments Property Income Trust Limited
Subject: SLIPIT Purchase
Standard Life Investments Property Income Trust has completed
the sale of a small industrial unit in Cheltenham to the tenant for £2.175m,
reflecting a yield of 4.8%. The sale price was 8% ahead of the
valuation as at 30 June.
Jason Baggaley, Fund Manager,
commented: The industrial unit in Cheltenham was the Company’s second smallest
asset, and had limited opportunity for the manager to add value. It
was a very old unit that was of limited demand to other users, and
the sale at a profit enables us to concentrate on other assets
which better meet the Company’s requirements.
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