API Abrdn Property Income Trust Limited

 
TIDMSLI 
 
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 
GBP15.9m, 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 GBP300m 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 
 
 
 
 
END 
 

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