Acquisition

RNS Number : 7417F

Standard Life Invs Property Inc Tst

18 January 2010

 



To:             Company Announcements

Date:          18 January 2010

Company:    Standard Life Investments Property Income Trust Limited

Subject:    Acquisition

Standard Life Investments Property Income Trust Limited has exchanged contracts to acquire a purpose build retail warehouse for £5.04m.

The property was built in 2009, and is let to Focus DIY for a further 23 years at an annual rent of £426,303pa. The purchase shows the Company an initial yield of 8%. Completion is expected for Friday 22 January.

All Enquiries:

The Company Secretary 

Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court

Les Banques

St Peter Port
Guernsey

GY1 3QL

Tel: [phone]

Fax: [phone]

 

END

 

 

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