SLI.L Regulatory News (SLI)

Standard Life Investments Property Income Trust - Purchase

PR Newswire

London, November 20

To: Company AnnouncementsDate: 21 November 2017 Company: Standard Life Investments Property Income Trust LimitedLEI: 549300HHFBWZRKC7RW84 

Subject: SLIPIT Purchase – 1 Station Square, Bracknell

Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase of a multi let office, 1 Station Square, in Bracknell for £12m, reflecting a yield of 6.9% on the topped up rent. The office has had a substantial refurbishment, and is located adjacent to Bracknell train station, and very close to the newly opened town centre retail scheme. The building also benefits from an excellent car parking ratio. The top floor is vacant, and was subject to a rent guarantee.

Jason Baggaley, Fund Manager of SLIPIT commented “We are excited by this purchase as it provides a good quality building next to the train station and amenities, which has been refurbished to provide grade A accommodation. The top floor is vacant, but has interest from prospective tenants, and we believe that after a difficult few years Bracknell will provide scope for rental growth now the town centre has undergone major redevelopment."

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