Standard LifeInvProp Purchase
July 27 2015 - 1:00AM
UK Regulatory
TIDMSLI
To: Company Announcements
Date: 27 July 2015
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 three offices located in York, Milton
Keynes, and Dartford for a total of GBP13.25m, reflecting an initial yield of
7.4%.
Jason Baggaley, Fund Manager of SLIPIT, said: "This purchase continues our
approach of buying quality office properties in strong locations, let to prime
tenants. We believe each of the offices has good potential for rental growth
over the medium term, whilst providing an attractive income return in the
meantime.
Following this transaction, the Company has an investment portfolio of 42
properties totalling just over GBP300m. It is also in solicitors hands on three
other purchases and two sales.
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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