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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Standard Life Investments Property Income Trust Ld | LSE:SLI | London | Ordinary Share | GB0033875286 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 79.00 | 79.00 | 79.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSLI To: Company Announcements Date: 9th November 2015 Company: Standard Life Investments Property Income Trust Limited Subject: SLIPIT Sale Standard Life Investments Property Income Trust is pleased to confirm that it has completed the sale of an office investment in Maple Cross Rickmansworth for GBP14.75m. The property was acquired in 2013 for GBP9.85m, and is fully let on a lease expiring in 2022 at a rent of GBP1.15mpa. The investment has given the Company a total return of 79.3% since acquisition, and it is intended to recycle the sale proceeds into the Pearl portfolio acquisition, assuming that proceeds to completion. Jason Baggaley, Fund manager of SLIPIT commented "We bought this asset to deliver a high income return as part of our focus on providing shareholders with an attractive dividend income. However it has performed ahead of expectations so we decided to realise the profit and recycle the capital as we have done with a number of assets over the last few years. We hope to reinvest the proceeds into the acquisition of the Pearl portfolio before the year end thereby minimising cash drag". All enquiries: 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: 01481 745436 Fax: 01481 745085 END
(END) Dow Jones Newswires
November 09, 2015 02:00 ET (07:00 GMT)
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