News
- Home
- Investment Company News
- Standard Life Property Income completed disposal
Standard Life Property Income completed disposal – Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of a multi let office in Slough for £13.25m, 9.6% ahead of the end December valuation.
In the release, the manger commented that the sale proceeds will be reinvested when suitable opportunities are available. The disposal is to realise a profit, but also to reduce future risk. “The property had one floor vacant, and the other leases expire in 2020 and 2021 when a comprehensive refurbishment will be required. The sale avoids the need for large scale capex and loss of income during the refurbishment.”
SLI : Standard Life Property Income completed disposal
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