28 Jul 2017 07:00
Standard Life Investments Property Income Trust - PurchaseStandard Life Investments Property Income Trust - Purchase
PR Newswire
London, July 27
To: Company AnnouncementsDate: 28 July 2017Company: Standard Life Investments Property Income Trust LimitedSubject: SLIPIT Purchase
Standard Life Investments Property Income Trust has completed the sale of a small industrial unit in Cheltenham to the tenant for £2.175m, reflecting a yield of 4.8%. The sale price was 8% ahead of the valuation as at 30 June.
Jason Baggaley, Fund Manager, commented: The industrial unit in Cheltenham was the Company’s second smallest asset, and had limited opportunity for the manager to add value. It was a very old unit that was of limited demand to other users, and the sale at a profit enables us to concentrate on other assets which better meet the Company’s requirements.
All enquiries to:
Jason BaggaleyFund ManagerReal Estate InvestmentsStandard Life Investments1 George Street, Edinburgh, EH2 2LLTel: +44 (0)131 245 2833jason_baggaley@standardlife.com
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) LimitedPO Box 255Trafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL
Sharon Ann WilliamsTel: 01481 745436Fax: 01481 745085