API Abrdn Property Income Trust Limited

 
TIDMSLI 
 
To:                          Company Announcements 
Date:                     19 May 2016 
Company:           Standard Life Investments Property Income Trust Limited 
 
Subject:               SLIPIT Sale 
 
SLIPIT is pleased to confirm that is has completed the sale of a small office 
building in Stockport for GBP2.95m.  Turin Court is a modern office but the 
current tenant is due to leave in July 2016 following the expiry of the lease 
and capital expenditure would have been required to bring the building up to a 
suitable standard for re-letting.  The sale price was 10% above the December 
2015 valuation. 
 
Jason Baggaley, Fund Manager, said "This sale enabled the Company to exit a 
non-core asset before the rental income ended and capex was necessary, but at a 
price ahead of expectations. The sale proceeds will be used to reduce 
borrowings." 
 
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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