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Standard Life Inv. Property updates on activity

13 July 2016 07:44

Standard Life Investments Property Income Trust has completed the sale of three properties in separate transactions.

These included the sale of a small industrial asset in Witham, completed on June 24 for £3.3m, the purchase of Causeway Side House in Teddington for £6.3million on July 1, and the sale of a small retail parade in Kingston Upon Thames for £2.75m on July 8.

In aggregate the sales were 3% ahead of the 31st March 2016 valuations.

In addition, the company has completed lease renewals on four units (with two tenants) on its multi let industrial estate in Aberdeen. The renewals are in line with the March valuation ERVs and means the estate remains fully let.

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Related Company: SLI

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