Register
Login:
Share:
Email Facebook Twitter


Exclusive: Hardman & Co call the lithium market: is a change in trend happening?
Tower Resources identify 18 million barrels of contingent reserves worth $118M in Cameroon


ShareCast News


Standard Life Investments almost halves property vacancy rate

Fri, 7th Dec 2018 10:43


(Sharecast News) - Standard Life Investments Property Income Trust has completed the letting of its largest vacancy, it announced on Friday - a logistics unit in Swadlincote.

The London-listed firm said the 141,000 square foot unit was let at a rent of 813,000 per annum on a new five-year lease, subject to a lease break after the third year to a third party logistics company.

It said the property became vacant in July, with the previous passing rent standing at 670,000 per annum.

"The company has also completed the sale of its second largest void at Unit 6 Broadgate, Broadway Business Park, Oldham, [as] previously reported, and the letting of the third largest void at Monck Street in London, which was subject to an agreement for lease at the end of September," the board said in its statement.

As at the end September the company's reported void rate was 10.8%, but following the recent transactions that void rate fell to 5.8%.





Back to ShareCast News


Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.