To:          Company Announcements
Date:     19 December 2017   
Company:           Standard Life Investments Property Income Trust Limited
LEI:         549300HHFBWZRKC7RW84

Subject:               SLIPIT Sale : DSG in Preston

“Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of two retail warehouse units let to DSG in Preston for £16.35m. The sale was 5.4% ahead of the end September valuation, and the sale proceeds will be reinvested into assets in the office and industrial sector where the Company is in exclusive negotiations on several assets.”

Jason Baggaley, fund manager of SLIPIT commented “The sale proceeds from this over rented asset will be reinvested into assets that we believe will offer greater growth prospects for the Company. We are in exclusive negotiation to purchase several assets that we believe will offer better risk adjusted returns over the next few years as the retail sector experiences continued headwinds”.

All enquiries to:
Jason Baggaley
Fund Manager
Real Estate Investments
Standard Life Investments
1 George Street, Edinburgh, EH2 2LL
Tel: +44 (0)131 245 2833
jason_baggaley@standardlife.com


The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Sharon Ann Williams
Tel:        01481 745436
Fax:        01481 745085