Standard LifeInvProp Purchase
March 31 2017 - 4:30AM
UK Regulatory
TIDMSLI
To: Company Announcements
Date: 31 March 2017
Company: Standard Life Investments Property Income Trust Limited
Subject: SLIPIT Purchase
Standard Life Investments Property Income Trust (SLIPIT) has completed the
purchase of a multi let industrial scheme in Feeder Road, Bristol for GBP5.27m.
The 8 unit scheme is fully let to 7 tenants and provides the opportunity for
asset management through lease regears and renewals over the next three
years.
Jason Baggaley, Fund Manager of SLIPIT commented that "This purchase fits the
Fund requirements of buying good quality property in good locations, with short
term leases to increase income. We really like Bristol due to the lack of
supply of small units and continued tenant demand, and look forward to working
this asset to realise the reversionary potential it has."
All enquiries to:
Jason Baggaley
Fund Manager
Real Estate Investments
Standard Life Investments
1 George Street, Edinburgh, EH2 2LL
Tel: +44 (0)131 245 2833
jason_baggaley@standardlife.com
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
(END) Dow Jones Newswires
March 31, 2017 05:30 ET (09:30 GMT)
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Apr 2024 to May 2024
Abrdn Property Income (LSE:API)
Historical Stock Chart
From May 2023 to May 2024