Standard Life Invs Property Inc Tst SLIPIT Lettings (4536C)
March 17 2014 - 6:30AM
UK Regulatory
TIDMSLI
RNS Number : 4536C
Standard Life Invs Property Inc Tst
17 March 2014
To: Company Announcements
Date: 17 March 2014
Company: Standard Life Investments Property Income Trust Limited
Subject: SLIPIT Lettings
Standard Life Investments Property Income Trust is pleased to
confirm it has completed two significant lettings.
At Bourne House Staines it has completed an agreement for lease
on the whole building. The 25,780 sq ft office is currently being
refurbished, and the new lease will start on completion of the
works which is expected in June 2014. The new lease is for a term
of 10 years at a rent of GBP687,640pa (GBP28psf on the office
area), with a tenant break in year seven.
The Company has also completed a letting on the whole of the
fourth floor St James House Cheltenham on a 10 year lease at a rent
of GBP144,500pa. The building is now fully let.
Following the lettings the Company has a void rate of only 2.1 %
of ERV and only three vacant units remaining.
All enquiries:
Jason Baggaley, Fund Manager
Standard Life Investments Limited
Tel: 0131 245 2833
This information is provided by RNS
The company news service from the London Stock Exchange
END
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