News
- Home
- Investment Company News
- Standard Life Property Income acquiring in Rotherham
SLI : Standard Life Property Income acquiring in Rotherham
Standard Life Property Income is paying £14.6m for a logistics and industrial development in Rotherham. The property has three units totalling 360,000 sq ft and is let to Symphony Group. The initial rent is £1.08m which rises in line with RPI, capped at 4% per annum, and the purchase price works out as a net initial yield of 7%. After this deal SLI has invested all but £7m of the money it raised. Today it published a supplementary prospectus so, as the manager says they have identified more deals they could do, it seems possible that they will look to raise more money from investors.
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated