Standard LifeInvProp Disposal of Denby

TIDMSLI 

To:                          Company Announcements 

Date:                     19 November 2019 

Company:           Standard Life Investments Property Income Trust Limited 

LEI:                         549300HHFBWZRKC7RW84 

                               Disposal of Denby 

Standard Life Investments Property Income Trust (SLIPIT) has disposed of its 
second largest investment, a logistics unit close to Derby, for GBP19.1m. The 
property was let until 2025 and the rental income represented 4.4% of the 
Company's income. The sale price was at the September valuation, and reflected 
a total return of 12.6%pa since purchase in 2014. 

Jason Baggaley, fund manager of SLIPIT commented "The sale realises the strong 
performance from the asset since purchase, and reduces the income concentration 
risk to the Company. We have agreed terms to acquire a new industrial 
investment for GBP13.9m, and are looking at a number of other opportunities to 
reinvest the sale proceeds in good quality assets with an attractive income 
profile." 

Enquiries: 

Northern Trust International Fund Administration Services (Guernsey) Limited 

Tel: 01481 745001 

END

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