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Standard Life Completes Major Portfolio Sale

Standard Life Completes Major Portfolio Sale

Standard Life Investments Property Income (GB:API) has released an update.

Don’t Miss TipRanks’ Half-Year Sale

Standard Life Investments Property Income Trust has successfully completed the sale of its entire investment property portfolio, excluding its interest in Far Ralia, to GoldenTree Asset Management LP for £351 million. The company plans to return substantial capital to shareholders and eventually delist and liquidate. Proceeds from the sale will be managed in a AAA-rated liquidity fund.

For further insights into GB:API stock, check out TipRanks’ Stock Analysis page.

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