Standard LifeInvProp Sales Activity

 
TIDMSLI 
 
13 July 2016 
 
STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED  (the "Company") 
 
(LSE: SLI) 
 
Sales Activity 
 
Standard Life Investments Property Income Trust is pleased to confirm that it 
has completed the sale of three properties in separate transactions. 
 
  * The sale of a small industrial asset in Witham,  completed on 24th June for 
    GBP3.3million 
  * Causeway Side House in Teddington was bought as part of the Pearl Portfolio 
    in December last year and has been sold to an owner occupier for GBP 
    6.3million on 1st  July 
  * Sale of a small retail parade in Kingston Upon Thames for GBP2.75million on 
    8th July 
  * In aggregate the sales were  3% ahead of the 31st March 2016 valuations 
 
In addition, the Company has completed lease renewals on four units (with two 
tenants) on its multi let industrial estate in Aberdeen. The renewals are in 
line with the March valuation ERVs  and means the estate remains fully let. 
 
Jason Baggaley, Fund Manager of SLIPIT said "We are pleased to have completed 
on these sales in line with our business plans, and will utilise the proceeds 
to reduce the level of borrowings under the revolving credit facility until 
such time as we believe suitable investment opportunities exist." 
 
 For further information:- 
 
Jason Baggaley - Real Estate Fund Manager Standard Life Investments 
[e-mail] 
 
The Company Secretary 
Northern Trust International Fund Administration Services (Guernsey) Ltd 
Trafalgar Court 
Les Banques 
St Peter Port 
GY1 3QL 
Tel: [phone] 
Fax: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

July 13, 2016 02:00 ET (06:00 GMT)