Purchase

To:                          Company Announcements
Date:                     31 March 2017
Company:           Standard Life Investments Property Income Trust Limited

Subject:               SLIPIT Purchase

Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase of a multi let industrial scheme in Feeder Road, Bristol for £5.27m. The 8 unit scheme is fully let to 7 tenants and provides the opportunity for asset management through lease regears and renewals over the next three years.  

Jason Baggaley, Fund Manager of SLIPIT commented that “This purchase fits the Fund requirements of buying good quality property in good locations, with short term leases to increase income. We really like Bristol due to the lack of supply of small units and continued tenant demand, and look forward to working this asset to realise the reversionary potential it has.”



All enquiries to:
Jason Baggaley
Fund Manager
Real Estate Investments
Standard Life Investments
1 George Street, Edinburgh, EH2 2LL
Tel: [phone]
[e-mail]


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:        [phone]
Fax:        [phone]