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Standard Life Investments almost halves property vacancy rate

Fri, 07th 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%.
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4 Nov 2014 18:28

MOVES-Ross Teverson joins Jupiter Group from Standard Life Investments

Nov 4 (Reuters) - UK-based asset management firm Jupiter Group said it appointed Ross Teverson from Standard Life Investments to the newly created role of head of strategy, global emerging markets. Teverson will be responsible for leading the emerging markets equities team in his role, whic

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6 Oct 2014 12:17

MOVES-Standard Life Inv hires Allcock as infrastructure debt head

Oct 6 (Reuters) - Global investment manager Standard Life Investments appointed Jeremy Allcock as head of infrastructure debt. Allcock will be based in London, where he will head up a new infrastructure debt team. Standard Life Investments said Allcock has 17 years experience in infra

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25 Sep 2014 08:55

Standard Life Investments Property Income Sells Two Chelmsford Offices

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17 Sep 2014 16:06

MOVES-Aviva Investors appoints four people to its multi-asset team

Sept 17 (Reuters) - Aviva Investors, Aviva Plc's asset management business, said it appointed four people to its multi-asset team. Trevor Leydon was named head of investment risk and portfolio construction from his previous post as head of investment risk of the team's fixed income busines

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15 Sep 2014 12:42

MOVES-Standard life Investment hires James Millard from Old Mutual Wealth

Sept 15 (Reuters) - Investment manager Standard Life Investments said it appointed James Millard as investment director to its MyFolio fund solutions team. Millard will report to Bambos Hambi, head of fund of funds management at Standard Life Investments. The firm said Millard will be

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