Standard Life Investments Property Income Trust Limited (SLI.LN), a closed ended investment trust, announced Monday that it has exchanged contracts for the sale of 2-4 Bucknall St. London for GBP8.6 million.

MAIN FACTS:

-The sale is due to complete on Sep. 29, 2010.

-The sale price reflects a premium of 11% above the March 30 valuation

-Shares closed Friday at 60.50 pence.

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com
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