Standard LifeInvProp SLIPIT Investment Transactions

TIDMSLI 

To:                          Company Announcements 
Date:                       7 January 2020 
Company:                Standard Life Investments Property Income Trust Limited 
LEI:                         549300HHFBWZRKC7RW84 

                        SLIPIT INVESTMENT TRANSACTIONS 

Standard Life Investments Property Income Trust (SLIPIT) has completed the sale 
of a single let office building in Staines. The 26,300sqft building was sold 
for a net price of GBP10.7m after deducting the value of the outstanding rent 
free, reflecting an equivalent yield of 5.7%. The property had recently been 
relet after SLIPIT took a surrender of the previous tenant's lease, and let the 
whole property for ten years at a rent of GBP715,000pa. Prior to the asset 
management there was only two years remaining on the lease and the tenant 
wanted to downsize. 

Jason Baggaley, fund manager of SLIPIT commented "We decided to dispose of the 
asset after completing the successful asset management which maximised the 
return on the asset. We will look to reinvest the sales proceeds into a higher 
yielding asset that offers better future performance prospects for the 
Company." 

All enquiries to: 
Aberdeen Standard Investments 
1 George Street 
Edinburgh 
EH2 2LL 

Jason Baggaley - Fund Manager 
Tel: 0131 245 2833 
E-mail: jason.baggaley@aberdeenstandard.com 

Oli Lord - Deputy Fund Manager 
Tel: 0131 245 6077 
E-mail: oli.lord@aberdeenstandard.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 

Tel:        01481 745385 
Fax:       01481 745085 

END

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