API Abrdn Property Income Trust Limited

 
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 
 

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