Sale of Assets by SLIPIT

RNS Number : 4616J

Standard Life Invs Property Inc Tst

12 June 2014

 



To:                   Company Announcements

Date:                12 June 2014

Company:         Standard Life Investments Property Income Trust Limited

Subject: Sale of Assets by SLIPIT

Standard Life Investments Property Income Trust Limited is pleased to confirm it has sold a portfolio of three retail warehouses for a total of £11.89m. The Company has provided rental guarantees on the void unit, and a top up for rent free periods, and so the net receipt could be reduced to £11.22m.

The assets are a Halfords unit in Paisley, Poundstretcher in Wymondham, and Clough Road Retail Park in Hull. As a result of the sale the Company's void rate has fallen to under 1% and income at risk in 2015 from tenant lease breaks has been reduced.

All enquiries:

Jason Baggaley

Standard Life Investments Limited

Tel: [phone]

 

END

 

 

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