We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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: 19th September 2017 Company: Standard Life Investments Property Income Trust Limited LEI: 549300HHFBWZRKC7RW84 Subject: SLIPIT Sale- Elstree Tower Borehamwood Standard Life Investments Property Income Trust (SLIPIT) is pleased to announce it has exchanged contracts to sell Elstree Tower in Borehamwood for GBP20m. The 80,700sqft office was valued at the end of June at GBP18m and is the second largest asset in the fund, and had the largest rent roll (GBP1,320,000pa) which was secured on a lease subject to a tenant only break in 2020. The sale is due to complete in February 2018. Jason Baggaley, fund manager of SLIPIT, said "The sale continues our strategy of disposing of assets at a profit where it also reduces risk to the Company. Although the asset is let to a strong covenant, there is uncertainty around the break clause in 2020, and the building would require substantial capex on expiry. The delayed completion, which is unconditional, provides the Company with additional income, and reduces cash drag while opportunities to reinvest the proceeds are being investigated". All enquiries to: Jason Baggaley Fund Manager Real Estate Investments Standard Life Investments 1 George Street, Edinburgh, EH2 2LL Tel: +44 (0)131 245 2833 jason_baggaley@standardlife.com 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
September 19, 2017 02:00 ET (06:00 GMT)
1 Year Abrdn Property Income Chart |
1 Month Abrdn Property Income Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions