Standard Life Invs Property Inc Tst Sale of Assets by SLIPIT (4616J)
June 12 2014 - 4:39AM
UK Regulatory
TIDMSLI
RNS Number : 4616J
Standard Life Invs Property Inc Tst
12 June 2014
To: Company Announcements
Date: 12 June 2014
Company: Standard Life Investments Property Income Trust Limited
Subject: Sale of Assets by SLIPIT
Standard Life Investments Property Income Trust Limited is
pleased to confirm it has sold a portfolio of three retail
warehouses for a total of GBP11.89m. The Company has provided
rental guarantees on the void unit, and a top up for rent free
periods, and so the net receipt could be reduced to GBP11.22m.
The assets are a Halfords unit in Paisley, Poundstretcher in
Wymondham, and Clough Road Retail Park in Hull. As a result of the
sale the Company's void rate has fallen to under 1% and income at
risk in 2015 from tenant lease breaks has been reduced.
All enquiries:
Jason Baggaley
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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