Standard LifeInvProp Purchase
July 23 2015 - 11:08AM
UK Regulatory
TIDMSLI
To: Company Announcements
Date: 23 July 2015
Company: Standard Life Investments Property Income Trust Limited
Subject: SLIPIT Purchase
Standard Life Investments Property Income Trust is pleased to announce it has
completed the purchase of a retail warehouse and car show room in Bradford for
GBP5.1m, a yield of 9.5%. The Halfords unit is located next to the dominant
retail warehouse park in Bradford, and is let to Halfords, who in turn sublet
part to Maplin. The car show room is let for a further 6 years but the tenant
is not in occupation.
Jason Baggaley, Fund Manager of SLIPIT, said "I am delighted with this
investment as it offers a very attractive running yield and has plenty of asset
management potential as the occupational tenants trade well and the vacant car
showroom also has alternative use potential
All enquiries:
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 745086
END
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