Standard Life Investments Property Income Trust Inc. disposes Denby investments

  • Nov 19, 2019 GMT
  • Team Kalkine
  • Standard Life Investments Property Income Trust Inc. has informed about the disposal of Denby investments.
  • Denby investment a logistics unit close to Derby was the second largest investment of the company for £19.1 million.
  • The company has reported that the sale price was at the September valuation, and displayed a total return of 12.6 per cent per annum since its purchase in 2014. The property was though let until the year 2025, and 4.4 per cent of the company’s income was contributed by its rental income.
  • The company further stated that they had finalised terms to procure a new industrial investment for £13.9 million.

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