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Property Purchase and Sale

7 Aug 2017 07:00

Standard Life Investments Property Income Trust - Property Purchase and Sale

Standard Life Investments Property Income Trust - Property Purchase and Sale

PR Newswire

London, August 4

To: Company AnnouncementsDate: 7 August 2017Company: Standard Life Investments Property Income Trust LimitedLEI: 549300HHFBWZRKC7RW84

Subject: SLIPIT Property Purchase and Sale 

Standard Life Investments Property Income Trust (SLIPIT) has completed two investment transactions. The first is the purchase of a 46,800sqft industrial unit in Birmingham, close to an existing asset the Company owns. The purchase price of £4.58m reflects an initial yield of 5.75%, and the property was let on a new 15 year lease with no breaks, earlier in 2017. The second transaction was the sale of a 25,600sqft office on York Science Park for £4.35m, just ahead of the June 2017 valuation figure of £4.3m.

Jason Baggaley, fund manager of SLIPIT commented: Having recently completed the purchase of town centre offices in Reading and Manchester we are pleased to have further reduced our out of town office exposure with the sale of the York office. The industrial unit in Birmingham is let to a good covenant on a 15 year lease with no breaks, and although the lease was only granted earlier this year the rent already looks reversionary following the letting we completed recently on our adjacent unit. We are delighted to build our investment in this strong location and sector.All enquiries to:Jason BaggaleyFund ManagerReal Estate InvestmentsStandard Life Investments1 George Street, Edinburgh, EH2 2LLTel: +44 (0)131 245 2833jason_baggaley@standardlife.comThe Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QLSharon Ann WilliamsTel: 01481 745436Fax: 01481 745085 

Date   Source Headline
6th Jun 20143:27 pmRNSInitial Placing,Offer for Subscription and Placing
4th Jun 20147:00 amRNSSale of Asset by SLIPIT
28th May 20146:14 pmRNSDirector Changes
28th May 20145:21 pmRNSResults of AGM
6th May 201412:55 pmRNSHolding(s) in Company
1st May 20145:24 pmRNSHolding(s) in Company
29th Apr 20141:25 pmRNSNotice of Annual General Meeting
24th Apr 201411:32 amRNSNet Asset Value(s)
23rd Apr 20147:00 amRNSIncrease in Quarterly Dividend
17th Apr 20147:00 amRNSFinal Results
27th Mar 201411:07 amRNSSLIPIT Purchase
26th Mar 201410:54 amRNSHolding(s) in Company
17th Mar 201410:30 amRNSSLIPIT Lettings
14th Mar 20142:19 pmRNSBlock Listing Application
13th Mar 20144:05 pmRNSIssue of Equity
12th Mar 20149:37 amRNSIssue of Equity
7th Mar 20149:55 amRNSIssue of Equity
3rd Mar 201410:41 amRNSBlock Listing Application
19th Feb 20145:06 pmRNSHolding(s) in Company
13th Feb 201410:24 amRNSHolding(s) in Company
28th Jan 20143:59 pmRNSCompliance with Model Code
28th Jan 20149:00 amRNSDividend Declaration
27th Jan 20147:30 amRNSNet Asset Value(s)
19th Dec 201310:10 amRNSDirector Declaration
11th Dec 201311:32 amRNSSLIPIT Purchase
9th Dec 201310:38 amRNSNon Mainstream Pooled Investments
6th Dec 20134:49 pmRNSDTR 5.6.1 disclosure
4th Nov 20133:57 pmRNSDividend Declaration
4th Nov 20133:53 pmRNSIssue of Equity
31st Oct 20134:56 pmRNSIssue of Equity
29th Oct 20132:44 pmRNSNet Asset Value(s)
13th Sep 20134:18 pmRNSHalf Yearly Report - Notice of NSM
30th Aug 20137:00 amRNSHalf Yearly Report
15th Aug 20135:31 pmRNSBlock Listing Six Monthly Return
7th Aug 20137:00 amRNSSignificant Letting
31st Jul 20132:47 pmRNSDTR 5.6.1 disclosure
30th Jul 20131:08 pmRNSShare Issuance Update
30th Jul 201311:10 amRNSDividend Declaration
29th Jul 20135:33 pmRNSIssue of Equity
29th Jul 20135:29 pmRNSDirector Declaration
25th Jul 201310:03 amRNSCompliance with Model Code
24th Jul 20133:35 pmRNSNet Asset Value(s)
12th Jul 201311:46 amRNSHolding(s) in Company
3rd Jul 20135:33 pmRNSDTR 5.6.1
28th Jun 20131:42 pmRNSDirector Declaration
25th Jun 20137:30 amRNSMaples Cross Purchase
18th Jun 201312:39 pmRNSIssue of Equity
13th Jun 201311:40 amRNSIssue of Equity
12th Jun 20132:15 pmRNSHolding(s) in Company
11th Jun 20132:27 pmRNSIssue of Equity

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