7 Dec 2018 07:00
Standard Life Investments Property Income Trust - Letting of Largest VacancyStandard Life Investments Property Income Trust - Letting of Largest Vacancy
PR Newswire
London, December 6
To: Company Announcements
Date: 7 December 2018
Company: Standard Life Investments Property Income Trust Limited
LEI: 549300HHFBWZRKC7RW84
Subject: Letting of Largest Vacancy
Standard Life Investments Property Income Trust (SLIPIT) has completed the letting of its largest vacancy, a logistics unit Swadlingcote. The 141,000sqft unit has been let at a rent of £813,000pa on a new five year lease subject to a lease break after the third year to a 3rd party logistics company. The property only became vacant in July 2018 and the previous passing rent was £670,000pa.
The Company has also completed the sale of its second largest void at Unit 6 Broadgate, Broadway Business Park, Oldham (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.
As at the end September the reported void rate was 10.8% and following these transactions this void rate falls to 5.8%.
All Enquiries:Aberdeen Standard Investments1 George StreetEdinburghEH2 2LLJason Baggaley - Fund Manager Tel: 0131 245 2833 E-mail: jason.baggaley@aberdeenstandard.com Oli Lord - Deputy Fund ManagerTel: 0131 245 6077E-mail: oli.lord@aberdeenstandard.comThe Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QLTel: 01481 745436Fax: 01481 745085