18th Jan 2010 16:55
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) LimitedTrafalgar Court
Les Banques
St Peter PortGuernsey
GY1 3QL
Tel: 01481 745324
Fax: 01481 745085
Related Shares:
SLI.L