API Abrdn Property Income Trust Limited

 
TIDMSLI 
 
To:                        Company Announcements 
Date:                     08 February 2018 
Company:              Standard Life Investments Property Income Trust Limited 
LEI:                       549300HHFBWZRKC7RW84 
 
 
Subject:               SLIPIT Purchase - Sandy, Bedfordshire 
 
Standard Life Investments Property Income Trust (SLIPIT) has completed the 
purchase of an industrial complex in Sandy, Bedfordshire for GBP6.02m, reflecting 
a yield of 6.25%. The property is located immediately adjacent to a junction of 
the A1, approximately 40 miles north of central London, and is let for an 
unexpired term of 19 years at a rent of GBP3.17psf, subject to indexed increases 
in rent every five years. The purchase was funded from cash resources following 
recent sales. 
 
 
 
Jason Baggaley, fund manager of SLIPIT, commented "this is another acquisition 
for the Company of a long let industrial unit leased at a low rent. The current 
tenant has been located on site for a considerable time, makes extensive use of 
the complex, which we believe also offers interesting future potential, given 
its immediate access to the A1 and proximity to central London. 
 
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 
 
 
 
 
END 
 

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