To:
Company Announcements
Date:
9 April 2018
Company:
Standard Life Investments Property Income Trust Limited
LEI:
549300HHFBWZRKC7RW84
Subject: SLIPIT
Sale - Charter Court, Slough
Standard Life Investments Property Income Trust (SLIPIT) has
completed the sale of a multi let office in Slough for £13.25m,
9.6% ahead of the end December valuation. The sale proceeds will be
reinvested when suitable opportunities are identified.
Jason Baggaley, fund manager of
SLIPIT commented: We decided to sell this asset to realise a
profit, but also to reduce future risk. The property had one floor
vacant, and the other leases expire in 2020 and 2021 when a
comprehensive refurbishment will be required. The sale avoids the
need for large scale capex and loss of income during the
refurbishment.
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
Mike Nokes
Tel: 07883 078002
Fax: 01481 745085