7th Sep 2020 18:17
Standard Life Investments Property Income Trust Ltd - property investor - Seals purchase of Halesown-based warehouse owned by DIY retailer B&Q for GBP19.5 million, reflecting 7.5% initial yield. Site leased to B&Q for a further 11 years. Says rent collection rate at August 31 for second quarter stood at 82% and 75% for third quarter.
Current stock price: 53.00 pence
Year-to-date change: down 42%
By Eric Cunha; [email protected]
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