Standard LifeInvProp Sale
January 17 2017 - 1:00AM
UK Regulatory
TIDMSLI
To: Company Announcements
Date: 17 January 2017
Company: Standard Life Investments Property Income Trust Limited
Subject: SLIPIT Sale
Standard Life Investments Property Income Trust has completed the sale of The
Quadrangle in Cheltenham for GBP11.075m. The 1970s office block extends to
approximately 58,900sqft and was acquired in Dec 2015 as part of the Pearl
portfolio for GBP10.05m including costs. The property was single let to RBS with
a lease expiry in June 2018. The sale proceeds are being used to reduce
borrowings under the Revolving Credit Facility.
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 745085
END
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