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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abrdn Property Income Trust Limited | LSE:API | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-1.70 | -3.26% | 50.40 | 50.40 | 50.60 | 52.40 | 50.30 | 52.40 | 949,946 | 16:29:42 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 31.11M | -51.05M | -0.1339 | -3.76 | 192.13M |
To: Company Announcements Date: 12 November 2014 Company: Standard Life Investments Property Income Trust Limited Subject: SLIPIT Purchase Standard Life Investments Property Income Trust is pleased to confirm it has completed the purchase of a mixed use retail and leisure investment in Glossop for £10.15m. The purchase price reflects an initial yield of 6.1% and an equivalent yield of 7.5%. The property has two vacant units, one of which is in solicitors hands and the other has good interest. On letting these the income yield will go to 7.3%. The investment has 10 tenants, the largest being M&S Simply foods in a purpose built unit constructed in 2012 and let on a 15 year lease. Other significant tenants include Travelodge, Weatherspoons and Peacocks. Jason Baggaley, fund manager of SLIPIT said "The investment provides SLIPIT with a diverse income stream with opportunity for asset management in an engaging development in Glossop. The scheme has become the focus for leisure provision in the town centre and we look forward to letting the vacant space to further improve vibrancy. The purchase will be funded out of existing cash resources and leaves the Company effectively fully invested". All enquiries: Jason Baggaley Standard Life Investments Limited Tel: 01312452833
Copyright r 12 PR Newswire
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