Standard Life Investments Property Income Trust - SLIPIT Sale
19 December 2017 - 6:00PM
PR Newswire (US)
To: Company
Announcements
Date: 19 December
2017
Company:
Standard Life Investments Property Income Trust Limited
LEI:
549300HHFBWZRKC7RW84
Subject:
SLIPIT Sale : DSG in Preston
“Standard Life Investments Property Income Trust (SLIPIT) has
completed the sale of two retail warehouse units let to DSG in
Preston for £16.35m. The sale was
5.4% ahead of the end September valuation, and the sale proceeds
will be reinvested into assets in the office and industrial sector
where the Company is in exclusive negotiations on several
assets.”
Jason Baggaley, fund manager of
SLIPIT commented “The sale proceeds from this over rented asset
will be reinvested into assets that we believe will offer greater
growth prospects for the Company. We are in exclusive negotiation
to purchase several assets that we believe will offer better risk
adjusted returns over the next few years as the retail sector
experiences continued headwinds”.
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
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