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API Abrdn Property Income Trust Limited

51.40
-0.40 (-0.77%)
20 May 2024 - Closed
Delayed by 15 minutes
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
  -0.40 -0.77% 51.40 51.40 51.60 52.20 51.40 52.00 950,851 16:25:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 31.11M -51.05M -0.1339 -3.84 195.95M

Standard Life Investment Property Sells Office Building in Cheltenham for GBP11.1 Million

17/01/2017 9:52am

Dow Jones News


Abrdn Property Income (LSE:API)
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LONDON--Standard Life Investments Property Income Trust (SLI.LN) said Tuesday it has sold an office building called The Quadrangle in Cheltenham for 11.1 million pounds ($13.4 million).

The property is single let to RBS (RBS.LN), whose lease expires in June, 2018, the company said.

The money from the sale will be used to lower the company's debt, Standard Life said.

Shares at 0920 GMT up 0.25 pence, or 0.3%, at 86.50 pence valuing the company at GBP329 million.

 

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

January 17, 2017 04:37 ET (09:37 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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