LONDON (Alliance News) - Standard Life Investments Property Income Trust said Friday it has let its largest vacancy, a logistics unit in Swadlingcote, England, for GBP813,000 in annual rent.
The unit is subject to a five-year lease with a lease break after the third year to a third party logistics company, the trust explained.
The property became vacant in July, with the previous rent being GBP670,000 per year.
Furthermore, the company said it has completed the sale of its second largest void at Unit 6 Broadgate and the letting of its third largest void at Monck Street, both in London.
Standard Life Investments Property Income Trust shares were trading down 0.8% at 87.50 pence each.