abrdn Property Income Trust Limited Sale of Asset

 
TIDMAPI 
 
abrdn Property Income Trust Limited 
 (an authorised closed-ended investment company incorporated in Guernsey with 
                          registration number 41352) 
 
                       LEI Number: 549300HHFBWZRKC7RW84 
 
                                 3 August 2022 
 
 
                                 SALE OF ASSET 
 
 
abrdn Property Income Trust ("API") has completed the sale of a single-let 
office building in Kidlington for £8.033m, reflecting a net initial yield of 
5.35%. 
 
Built in 2002, the building is let to Bio-Rad on a recently re-geared 10 year 
lease with a tenant break option in year 5.  Acquired in 2015, the investment 
has contributed a 14.4% annualised return over the hold period.  The sale 
continues the strategy of reducing the Trust's office weighting and will enable 
it to reinvest in more favoured sectors. 
 
Mark Blyth, Deputy Fund Manager of API commented: "This sale is the culmination 
of our successful asset management strategy, with the property providing a 
strong contribution to the performance of the Trust.  It will also provide us 
with funds to take advantage of potential buying opportunities in the 
short-medium term." 
 
 
 
All Enquiries: 
 
Jason Baggaley - Real Estate Fund Manager, abrdn 
Tel:  07801 039463 or jason.baggaley@abrdn.com 
 
Mark Blyth - Real Estate Deputy Fund Manager, abrdn 
Tel: 07703 695490 or mark.blyth@abrdn.com 
 
 
 
END

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