Standard LifeInvProp Property Purchase and Sale

TIDMSLI 

To:                     Company Announcements 
Date:                  7 August 2017 
Company:           Standard Life Investments Property Income Trust Limited 
LEI:                    549300HHFBWZRKC7RW84 

Subject:              SLIPIT Property Purchase and Sale 

Standard Life Investments Property Income Trust (SLIPIT) has completed two 
investment transactions.  The first is the purchase of a 46,800sqft industrial 
unit in Birmingham, close to an existing asset the Company owns. The purchase 
price of GBP4.58m reflects an initial yield of 5.75%, and the property was let on 
a new 15 year lease with no breaks, earlier in 2017. The second transaction was 
the sale of a 25,600sqft office on York Science Park for GBP4.35m, just ahead of 
the June 2017 valuation figure of GBP4.3m. 

Jason Baggaley, fund manager of SLIPIT commented: Having recently completed the 
purchase of town centre offices in Reading and Manchester we are pleased to 
have further reduced our out of town office exposure with the sale of the York 
office. The industrial unit in Birmingham is let to a good covenant on a 15 
year lease with no breaks, and although the lease was only granted earlier this 
year the rent already looks reversionary following the letting we completed 
recently on our adjacent unit. We are delighted to build our investment in this 
strong location and sector. 

All enquiries to: 
Jason Baggaley 
Fund Manager 
Real Estate Investments 
Standard Life Investments 
1 George Street, Edinburgh, EH2 2LL 
Tel: +44 (0)131 245 2833 
jason_baggaley@standardlife.com 

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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