Correction : Purchase

Please note that this is a corrected version of the announcement released at 7am on the 28^th July 2017. The only amendment is that this was a property sale rather than a purchase.

All other details remain the same.

To:                          Company Announcements

Date:                     28 July 2017

Company:           Standard Life Investments Property Income Trust Limited

Subject:               SLIPIT Property Sale  

Standard Life Investments Property Income Trust has completed the sale of a small industrial unit in Cheltenham to the tenant for £2.175m, reflecting a yield of 4.8%. The sale price was 8% ahead of the valuation as at 30 June.

Jason Baggaley, Fund Manager, commented:  The industrial unit in Cheltenham was the Company’s second smallest asset, and had limited opportunity for the manager to add value. It was a very old unit that was of limited demand to other users, and the sale at a profit enables us to concentrate on other assets which better meet the Company’s requirements.
 
All enquiries to:
Jason Baggaley
Fund Manager
Real Estate Investments
Standard Life Investments
1 George Street, Edinburgh, EH2 2LL
Tel: [phone]
[e-mail]


The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Sharon Ann Williams
Tel:         [phone]
Fax:        [phone]