Standard Life Investments Property Income Trust Completes Purchase of Logistics Facility in Shellingford, Oxfordshire
January 08, 2018 at 04:04 am EST
Standard Life Investments Property Income Trust (SLIPIT) has completed the purchase of a logistics facility of 216,180 sq ft in Shellingford, Oxfordshire
on the established White Horse Business Park, for £11.5 m, reflecting an initial yield of 6.5%. The unit is let for 25 years without break, and is subject to
five yearly upwards only rent reviews fixed at 2.5% p.a.