Standard Life Investments Property Income Trust - SLIPIT Purchase
February 06 2018 - 02:00AM
PR Newswire (US)
To:
Company Announcements
Date:
06 February 2018
Company:
Standard Life Investments Property Income Trust Limited
LEI:
549300HHFBWZRKC7RW84
Subject:
SLIPIT Purchase – Grand National Retail Park, Aintree
“Standard Life Investments Property
Income Trust has completed the purchase of the Grand National
Retail Park in Aintree for a price of £6.125m, reflecting an
initial yield of 6.85%. The park is adjacent to the race
course, and consists of 4 units let as a leisure park to Premier
Inn, Pure Gym, Mitchells and Butler, and KFC. A further unit is
sold off on a long lease to the Jockey Club. The investment
benefits from strong trade associated with the race course and
provides opportunity for asset management to extend leases from the
current 8.1 years. The purchase was made from cash resources
following the recent sale of Bathgate Retail Park.”
All enquiries to:
Jason Baggaley
Fund Manager Real Estate
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
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