abrdn Property Income Trust Ltd

Regulatory Filings • Feb 8, 2018

National Storage Mechanism | Additional information

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Standard Life Investments Property Income Trust - Purchase – Sandy, Bedfordshire

PR Newswire

London, February 8

To:                        Company Announcements

Date:                     08 February 2018   

Company:              Standard Life Investments Property Income Trust Limited

LEI:                       549300HHFBWZRKC7RW84

Subject:               SLIPIT Purchase – Sandy, Bedfordshire

Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase of an industrial complex in Sandy, Bedfordshire for £6.02m, reflecting a yield of 6.25%. The property is located immediately adjacent to a junction of the A1, approximately 40 miles north of central London, and is let for an unexpired term of 19 years at a rent of £3.17psf, subject to indexed increases in rent every five years. The purchase was funded from cash resources following recent sales.

Jason Baggaley, fund manager of SLIPIT, commented “this is another acquisition for the Company of a long let industrial unit leased at a low rent. The current tenant has been located on site for a considerable time, makes extensive use of the complex, which we believe also offers interesting future potential, given its immediate access to the A1 and proximity to central London.

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