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SLIPIT obtains industrial units in Bristol

24 June 2015 11:00

Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase for £4.6m of Interplex 16 Bristol, two industrial units located close to the junction of the M4 and M5.

The larger of the two units is currently vacant and will be refurbished while the second is let on a short lease, and the company will seek to extend the term.

The anticipated income yield after this asset management is just over 8%.

The company has also exchanged contracts to sell a small office in Swansea for £1.3m and a small industrial unit in Stockton on Tees, also for £1.3m.

At 11:00am: (LON:SLI) Standard Life Investment Property Inc Trust share price was +0.5p at 84p

Story provided by StockMarketWire.com

Related Company: SLI

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