abrdn Property Income Trust Ltd - investor in UK commercial properties in the industrial, office, retail and other sectors - Says recent asset management activity has secured over GBP1.3 million per year in rent. Includes a regeared lease in Edinburgh, securing GBP157,000 per year over the next half decade; two completed lettings in Birmingham for GBP538,090 per year in total; and tennant Hitachi Construction Machinery (UK) Ltd taking a new 20-year lease in Hebburn at a passing rent of GBP310,500 per year, up 19% from the previous rate. Company notes office assets "continue to be attractive to occupiers...even in a market with significantly reduced demand and take-up."

Deputy Fund Manager Mark Blyth says: "Despite challenging market conditions, we continue to have good success letting our void properties as well as retaining existing occupiers with lease regears. Reducing void property costs and increasing rental income...will strengthen API's overall financial standing and position it well for the future."

Current stock price: 47.06 pence, up 0.3% in London on Monday

12-month change: down 15%

By Emma Curzon, Alliance News reporter

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