abrdn Property Income Trust Ltd

Net Asset Value • Feb 6, 2018

National Storage Mechanism | Additional information

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Standard Life Investments Property Income Trust - SLIPIT Purchase

PR Newswire

London, February 5

To:                          Company Announcements

Date:                       06 February 2018   

Company:                Standard Life Investments Property Income Trust Limited

LEI:                         549300HHFBWZRKC7RW84

Subject:               SLIPIT Purchase – Grand National Retail Park, Aintree

“Standard Life Investments Property Income Trust has completed the purchase of the Grand National Retail Park in Aintree for a price of £6.125m, reflecting an initial yield of 6.85%.  The park is adjacent to the race course, and consists of 4 units let as a leisure park to Premier Inn, Pure Gym, Mitchells and Butler, and KFC. A further unit is sold off on a long lease to the Jockey Club. The investment benefits from strong trade associated with the race course and provides opportunity for asset management to extend leases from the current 8.1 years. The purchase was made from cash resources following the recent sale of Bathgate Retail Park.”

All enquiries to:

Jason Baggaley

Fund Manager Real Estate

Standard Life Investments

1 George Street, Edinburgh, EH2 2LL

Tel: +44 (0)131 245 2833

[email protected]

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

PO Box 255

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Sharon Ann Williams

Tel:         01481 745436

Fax:        01481 745085