STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LTD - Purchase
July 23 2015 - 12:07PM
PR Newswire (US)
To:
Company Announcements
Date: 23
July 2015
Company:
Standard Life Investments Property Income Trust Limited
Subject:
SLIPIT Purchase
Standard Life Investments Property Income Trust is pleased to
announce it has completed the purchase of a retail warehouse and
car show room in Bradford for £5.1m, a yield of 9.5%. The Halfords
unit is located next to the dominant retail warehouse park in
Bradford, and is let to Halfords, who in turn sublet part to
Maplin. The car show room is let for a further 6 years but the
tenant is not in occupation.
Jason
Baggaley, Fund Manager of SLIPIT, said “I am delighted with
this investment as it offers a very attractive running yield and
has plenty of asset management potential as the occupational
tenants trade well and the vacant car showroom also has alternative
use potential
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 745086
Copyright y 23 PR Newswire
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