STANDARD Life Investments Property Holdings has sold a portfolio of six properties to Sackville Properties for £41.5m, delivering a net initial yield of 6.6pc.
The portfolio comprises five office buildings and one industrial property, located in towns and cities across southern England and Wales. The portfolio realises a total annual rent of just under £2.9m, from tenants including Centrica, Life Assurance Holdings Ltd., Nantgarw (Companies House based in Cardiff), Remploy and Thresher. Jason Baggaley, fund manager of the Standard Life Investments Property Income Trust, said: “We are delighted with the sale of this portfolio from the Standard Life Investments Property Income Trust. "The sale price was in line with the end June valuation. ...
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