5th Jul 2018 16:24
LONDON (Alliance News) - Standard Life Investments Property Income Trust Ltd said Thursday it completed the purchase of three sites for a total of GBP32.5 million.
The biggest site is a data centre in Birmingham, England, let for a term of 20 years.
The company has also acquired a multi let office and retail unit in the City of London, close to Bank and Moorgate tube stations. The site has two floors currently vacant.
Finally, the third asset is an industrial unit close to Kettering, north England, let to an engineering company under a 20-year lease.
Fund Manager Jason Baggaley said: "These three purchases provide the company with a mix of secure long term income with indexation and asset management opportunity."
Standard Life Investments Property shares were trading 0.6% higher at 94.30 pence each.
Related Shares:
SLI.L