Standard LifeInvProp Investment Transactions

TIDMSLI 

To:                        Company Announcements 

Date:                    23 December 2020 

Company:            Standard Life Investments Property Income Trust Limited 

LEI:                        549300HHFBWZRKC7RW84 

                            Investment Transactions 

Standard Life Investments Property Income Trust ("SLIPIT") has completed 
several sales. 

The most significant transaction is the sale of a portfolio of 4 multi let 
industrial estates for GBP37.75m in line with the previous valuation figure of GBP 
37.7m. The Company has also completed the sale of a standalone retail warehouse 
in North Shields for GBP3.3m (previous valuation GBP3.65m) and exchanged 
unconditionally on the sale of an office building in Derby for GBP4.3m (previous 
valuation GBP3.8m). 

Sales proceeds will be used to repay the drawn RCF debt facility and fund share 
buy backs whilst new investment opportunities are assessed. 

Jason Baggaley, Fund Manager of SLIPIT commented "These sales follow a review 
of the portfolio as we assessed the long term impact of COVID-19. We are 
considering a number of new investments that we believe will better meet the 
Company's needs in the future given the accelerated rate of change we have seen 
across real estate markets in 2020". 

All enquiries to: 

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 

END

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