19 Jul 2017 08:49
Standard Life Investments Property Income Trust - PurchaseStandard Life Investments Property Income Trust - Purchase
PR Newswire
London, July 19
To: Company Announcements
Date: 18 July 2017
Company: Standard Life Investments Property Income Trust Limited
Subject: SLIPIT Purchase
Standard Life Investments Property Income Trust is delighted to have completed the purchase of a multi let office in Central Manchester for £8.1m, reflecting an initial yield of 6.4%.
Jason Baggaley, fund manager, commented “We acquired this multi let office in an off market transaction. The old converted warehouse provides great office accommodation let off low rents with prospects for strong rental growth in the future in one of the key office markets in the UK.
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