Standard Life Investments Property Income (GB:API) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.