API Abrdn Property Income Trust Limited

 
TIDMSLI 
 
To:                     Company Announcements 
Date:                  21 February 2017 
Company:           Standard Life Investments Property Income Trust Limited 
 
Subject:              SLIPIT Purchase 
 
Standard Life Investments Property Income Trust ("SLIPIT") has completed the 
purchase of an industrial investment in Sunderland for GBP5.5m, representing an 
initial yield of 6.4%. 
 
The property is located close to the Nissan assembly plant and is let for a 
further 5 years to a major supplier for Nissan. The property has planning 
permission for a new extension, and offers opportunity for asset management in 
the future. 
 
 
Jason Baggaley, Fund Manager of SLIPIT said "This purchase provides the Company 
with a well let industrial unit in a thriving location with limited supply and 
increasing demand. We look forward to working with the tenant to utilise the 
low site cover and reversionary rent to unlock value enhancement in the future, 
but in the meantime the investment provides an attractive and reliable income 
stream that 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 
 
 
 
END 
 

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