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Acquisition

8 Feb 2010 07:00

RNS Number : 7703G

Standard Life Invs Property Inc Tst

08 February 2010

To: Company Announcements

Date: 8 February 2010

Company: Standard Life Investments Property Income Trust Limited

Subject: Acquisition

Standard Life Investments Property Income Trust has exchanged contracts for the development funding of a pre let office and industrial unit in Aberdeen.

The total cost of the development funding will be £11.5m, including a site purchase price of £2.18m. The Company will fund the developer through the construction period which is due to complete in January 2011. During the construction period the Company will receive a notional interest roll up of 6.75% on all expenditure.

The property has been pre let on a 20 year lease at an initial rent of £1m pa subject to 5 yearly upward only rent reviews fixed to 3% pa. The purchase price shows the Company a yield of 8% on the completion.

All Enquiries:

Jason Baggaley

Fund Manager

Standard Life Investments

Tel 0131 2452 833

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: 01481 745324

Fax: 01481 745085

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQUVRVRRRAURAR

Date		Source	Headline
10th Oct 2007	4:42 pm	RNS	Net Asset Value(s)
2nd Oct 2007	10:56 am	RNS	Portfolio Update
12th Sep 2007	5:16 pm	RNS	Holding(s) in Company
11th Sep 2007	5:30 pm	RNS	Interim Results
31st Aug 2007	5:04 pm	RNS	Portfolio Sale
16th Aug 2007	8:40 am	RNS	Annual Information Update
13th Aug 2007	2:04 pm	RNS	Holding(s) in Company
7th Aug 2007	1:11 pm	RNS	Dividend Declaration
20th Jul 2007	4:53 pm	RNS	Portfolio Sale and NAV
19th Jul 2007	1:42 pm	RNS	Director Declaration
2nd Jul 2007	11:59 am	RNS	Director Declaration
2nd Jul 2007	11:57 am	RNS	Portfolio Update
29th Jun 2007	11:44 am	RNS	Result of AGM
21st Jun 2007	10:32 am	RNS	Holding(s) in Company
29th May 2007	4:42 pm	RNS	Director Declaration
10th May 2007	5:26 pm	RNS	Dividend Declaration
5th Apr 2007	10:18 am	RNS	Net Asset Value(s)
2nd Apr 2007	5:47 pm	RNS	Portfolio Update
2nd Apr 2007	4:06 pm	RNS	Director Declaration
28th Mar 2007	10:13 am	RNS	Holding(s) in Company
21st Mar 2007	11:55 am	RNS	Holding(s) in Company
19th Mar 2007	7:03 am	RNS	Preliminary Results
14th Feb 2007	3:04 pm	RNS	Holding(s) in Company
8th Feb 2007	10:49 am	RNS	Dividend Declaration
5th Feb 2007	4:58 pm	RNS	Holding(s) in Company
9th Jan 2007	12:52 pm	RNS	Net Asset Value(s)
2nd Jan 2007	11:07 am	RNS	Portfolio Update
13th Dec 2006	11:39 am	RNS	Total Voting Rights
12th Dec 2006	3:36 pm	RNS	Holding(s) in Company
29th Nov 2006	1:25 pm	RNS	Director Declaration
28th Nov 2006	3:29 pm	RNS	Acquisition
16th Nov 2006	12:22 pm	RNS	Director Declaration
9th Nov 2006	4:50 pm	RNS	Dividend Declaration
31st Oct 2006	4:42 pm	RNS	Director Declaration
13th Oct 2006	3:08 pm	RNS	Director Declaration
6th Oct 2006	2:36 pm	RNS	Net Asset Value(s)
2nd Oct 2006	10:22 am	RNS	Portfolio Update
15th Sep 2006	4:00 pm	RNS	Allotment of Shares
13th Sep 2006	5:56 pm	RNS	Block Listing of Shares
13th Sep 2006	5:53 pm	RNS	Borrowing Facilities
13th Sep 2006	5:50 pm	RNS	Acquisition
13th Sep 2006	5:47 pm	RNS	Change of Lead Fund Manager
30th Aug 2006	3:18 pm	RNS	Interim Results - Amendment
24th Aug 2006	5:19 pm	RNS	Interim Results
9th Aug 2006	11:39 am	RNS	Dividend Declaration
1st Aug 2006	3:24 pm	RNS	Acquisition
5th Jul 2006	3:33 pm	RNS	Net Asset Value(s)
4th Jul 2006	10:42 am	RNS	Portfolio Update
3rd Jul 2006	10:50 am	RNS	Holding(s) in Company
21st Jun 2006	3:40 pm	RNS	Holding(s) in Company

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