Standard LifeInvProp SLIPIT Purchase

 
TIDMSLI 
 
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 GBP11.5m, 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: [phone] 
[e-mail] 
 
 
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:        [phone] 
Fax:        [phone] 
 
 
 
 
END 
 

(END) Dow Jones Newswires

January 08, 2018 04:04 ET (09:04 GMT)