API Abrdn Property Income Trust Limited

 
TIDMSLI 
 
To:       Company Announcements 
Date:     24th June 2015 
Company:  Standard Life Investments Property Income Trust Limited 
 
Subject:  SLIPIT Purchase 
 
Standard Life Investments Property Income Trust is pleased to announce that it 
has completed the purchase of Interplex 16 Bristol for GBP4.6m - two industrial 
units located close to the junction of the M4 and M5.  The larger of the two 
units is currently vacant and will be refurbished by the Company, whilst the 
second is let on a short lease, and the Company will seek to extend the term. 
The anticipated income yield after this asset management is just over 8%. The 
Company has also exchanged contracts to sell a small office in Swansea for GBP 
1.3m (completion due 29 June) and a small industrial unit in Stockton on Tees 
for GBP1.3m (completion due 14 August). The Company is progressing in the latter 
stages of several other purchases to invest the proceeds of the recent equity 
raise. 
 
Jason Baggaley, fund manager of SLIPIT said "We are pleased to have been able 
to redeploy cash into assets that give us the potential for higher returns. Our 
low void level gives us the opportunity to invest in properties that are not 
currently let so that we can enhance the revenue return through active asset 
management." 
 
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 745085 
 
 
 
END 
 

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