Standard Life Investments Property Income Trust Ltd completes the sale of a single let office building

  • Jan 07, 2020 GMT
  • Team Kalkine
Standard Life Investments Property Income Trust Ltd (LON: SLI) has informed about an investment transaction.
  • The company has reported that it completed the sale of a single let office building in Staines.
  • The sale consideration for the 26,300sqft building was a net of £10.7 million, which has been arrived at after deducting the value of the outstanding rent-free.
  • The property had recently been relet after the company took a ceding of the previous tenant’s lease and let the whole property for ten years at a rent of £715,000 per annum.
  • On 7th January 2020, at the time of writing, GMT 08:05 AM, SLI shares were trading at GBX 92.40, up by 0.30 points or 0.33% against the previous day closing price.

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