Standard Life IPI trust disposes of Slough office building
Guernsey-based real estate investment trust Standard Life Investments Property Income has completed the sale of a multi-let office in Slough for £13.25m, 9.6% ahead of the property's December valuation.
Cboe ats UK Small Companies
16,699.71
16:30 04/10/24
-0.08%
-13.84
Cboe UK All Companies
14,533.27
16:30 04/10/24
0.17%
24.41
Cboe UK All Companies NTR
24,526.63
16:30 04/10/24
0.17%
41.20
Cboe UK Finance Sector
12,263.21
16:30 04/10/24
1.35%
163.19
Cboe UK Finance Sector NTR
21,514.45
16:30 04/10/24
1.35%
286.29
Cboe UK Small Companies Sector NTR
24,834.79
16:30 04/10/24
-0.08%
-20.59
Standard Life Investment Property Income Trust Ltd
79.50p
16:30 01/10/24
0.00%
0.00p
Standard Life noted that proceeds of the Monday sale would be reinvested when it had identified "suitable opportunities".
Jason Baggaley, fund manager of Standard Life, said, "We decided to sell this asset to realise a profit, but also to reduce future risk."