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Disposal

23 Dec 2008 17:24

RNS Number : 7372K
Standard Life Invs Property Inc Tst
23 December 2008
 



RNS ANNOUNCEMENT

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

23 DECEMBER 2008

Standard Life Investments Property Income Trust has sold its long leasehold interest in a cold storage warehouse unit at Cupula WayScunthorpe for £2.25m. The property was sold to an owner occupier, with vacant possession, following the recent corporate failure of the tenant; Innovate Logistics. In line with the movement in market pricing in the intervening period, the price realised on the sale was 10% below the valuation at the end of September 2008.

All enquiries

Standard Life Investments Press Office Tel. 0131 245 2750

Nigel Russell, Graeme Caton, Graham Reaves, G&N Collective Funds Services  Tel. 0131 226 4411


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