To:
Company Announcements
Date:
23 June 2021
Company:
Standard Life Investments Property Income Trust Limited
LEI:
549300HHFBWZRKC7RW84
Sale of asset
Standard Life Investments Property Income Trust (SLIPIT) has
completed the sale of an industrial asset in Kettering for £9.05m
(in line with the prior valuation). The asset extended to
216,753sqft of dated industrial accommodation that was utilised for
manufacturing and aluminium moulding.
Jason Baggaley, Fund Manager of
SLIPIT commented : In our recent review of the portfolio we decided
to place a greater differential between industrial assets that were
suitable for logistics, and those that were not, as we continue to
seek to own assets that appeal not only to the current tenant, but
to other occupiers as well. We have also applied a greater ESG
overlay across the fund, as we expect a greater differential in
pricing over units that perform well in terms of ESG and those that
do not. We are looking to reinvest the proceeds of recent
sales into high quality assets, and have several under offer.
All enquiries to:
Jason Baggaley - Fund Manager
Tel: 0131 245 2833
E-mail:
jason.baggaley@aberdeenstandard.com
Mark
Blyth - Deputy Fund Manager
Tel: 07703 695 490
E-mail: mark.blyth@aberdeenstandard.com