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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Standard Life Investments Property Income Trust Ld | LSE:SLI | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 79.00 | 79.00 | 79.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
To: Company Announcements
Date: 08 January 2018
Company: Standard Life Investments Property Income Trust Limited
LEI: 549300HHFBWZRKC7RW84
Subject: SLIPIT Purchase – Shellingford
Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase of a logistics facility of 216,180 sq ft in Shellingford, Oxfordshire on the established White Horse Business Park, for £11.5m, reflecting an initial yield of 6.5%. The unit is let for 25 years without break, and is subject to five yearly upwards only rent reviews fixed at 2.5%pa.
Jason Baggaley, fund manager of SLIPIT, commented “the purchase is part of our recycling of capital from sales of assets that we felt had future risk to the Company performance, into well let assets that will provide an attractive income return to the Company. This facility is ideally suited to the tenant, who has recently invested in upgrading and consolidating its operation on site”.
All enquiries to:
Jason Baggaley
Fund ManagerReal Estate
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
Copyright ry 8 PR Newswire
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