Standard LifeInvProp SLIPIT Sale

 
TIDMSLI 
 
To:          Company Announcements 
Date:     19 December 2017 
Company:           Standard Life Investments Property Income Trust Limited 
LEI:         549300HHFBWZRKC7RW84 
 
Subject:               SLIPIT Sale : DSG in Preston 
 
"Standard Life Investments Property Income Trust (SLIPIT) has completed the 
sale of two retail warehouse units let to DSG in Preston for GBP16.35m. The sale 
was 5.4% ahead of the end September valuation, and the sale proceeds will be 
reinvested into assets in the office and industrial sector where the Company is 
in exclusive negotiations on several assets." 
 
Jason Baggaley, fund manager of SLIPIT commented "The sale proceeds from this 
over rented asset will be reinvested into assets that we believe will offer 
greater growth prospects for the Company. We are in exclusive negotiation to 
purchase several assets that we believe will offer better risk adjusted returns 
over the next few years as the retail sector experiences continued headwinds". 
 
 
 
All enquiries to: 
Jason Baggaley 
Fund Manager 
Real Estate Investments 
Standard Life Investments 
1 George Street, Edinburgh, EH2 2LL 
Tel: [phone] 
[e-mail] 
 
 
The Company Secretary 
Northern Trust International Fund Administration Services (Guernsey) Limited 
PO Box 255 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
 
Sharon Ann Williams 
Tel:        [phone] 
Fax:        [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

December 19, 2017 02:00 ET (07:00 GMT)