API Abrdn Property Income Trust Limited

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 £11.075m. The 1970s office block extends to approximately 58,900sqft and was acquired in Dec 2015 as part of the Pearl portfolio for £10.05m 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