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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.98% | 51.50 | 50.90 | 51.40 | 51.70 | 50.80 | 51.20 | 582,292 | 16:29:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 31.11M | -51.05M | -0.1339 | -3.85 | 196.33M |
TIDMSLI To: Company Announcements Date: 24 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 portfolio of five industrial and logistics units for a total of GBP23.75m, reflecting an initial yield of 7.25%. The purchase was funded from the equity raised on 13th November, is accretive to the net asset value as the equity was raised on a 5% premium, and the purchase was undertaken by way of a corporate purchase of an SPV. The five assets are located in Manchester, Birmingham, Cheltenham and two in Milton Keynes. All are single let, and total 390,490sq ft. The units are let on leases from 1 year to 21 years term certain, and are considered reversionary, giving scope for further asset management. Jason Baggaley, fund manager for SLIPIT said "We are delighted to have completed this purchase, 2014 has been a very busy year for the Company, as we raised new equity and invested it for clients. This transaction continues our strategy of raising money at a sufficient premium to protect existing investors, and investing in good quality assets that are accretive to the revenue account, and without undue cash drag to the Company." All enquiries: Jason Baggaley Standard Life Investments Limited Tel: 01312452833 END
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