Disposal

RNS Number : 7372K

Standard Life Invs Property Inc Tst

23 December 2008

 



RNS ANNOUNCEMENT

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

23 DECEMBER 2008

Standard Life Investments Property Income Trust has sold its long leasehold interest in a cold storage warehouse unit at Cupula Way, Scunthorpe for £2.25m. The property was sold to an owner occupier, with vacant possession, following the recent corporate failure of the tenant; Innovate Logistics. In line with the movement in market pricing in the intervening period, the price realised on the sale was 10% below the valuation at the end of September 2008.

All enquiries

Standard Life Investments Press Office
Tel. [phone]

Nigel Russell, Graeme Caton, Graham Reaves, G&N Collective Funds Services 
Tel. [phone]

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