Standard Life Investment Property Sells Office Building in Cheltenham for GBP11.1 Million
January 17 2017 - 04:52AM
Dow Jones News
LONDON--Standard Life Investments Property Income Trust (SLI.LN)
said Tuesday it has sold an office building called The Quadrangle
in Cheltenham for 11.1 million pounds ($13.4 million).
The property is single let to RBS (RBS.LN), whose lease expires
in June, 2018, the company said.
The money from the sale will be used to lower the company's
debt, Standard Life said.
Shares at 0920 GMT up 0.25 pence, or 0.3%, at 86.50 pence
valuing the company at GBP329 million.
-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
January 17, 2017 04:37 ET (09:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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