Business Model

We have acquired regional properties that unlock value through pro-active asset management and investment.

Key Resources

 

Our People

  • Extensive property and financial expertise
  • Regional asset management and investment expertise

Our Portfolio

  • Majority of portfolio is core plus generating strong cash-on-cash returns
  • Value-add assets with future growth potential
  • Lower risk focus in markets showing supply-demand imbalance and rental growth

Our Funding

  • Balanced capital structure with conservative debt level
  • Core portfolio creates surplus cash generation which in turn supports dividends
  • Sustainable cash returns
  • Debt maturity matched to portfolio lease lengths
  • Strong relationships with main UK clearing banks

Portfolio Mix and Financial Benefit

Assets

We have bought strategically located property outside of London inline with our investment criteria.

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Income

The core of the portfolio has medium/long leases, high occupancy and a strong income profile.

Benefit

Sustainable income generated, used to fund dividends

Value-add Thumbnail image

Value-add

We reinvest surplus capital to adapt to changing occupier demands.

Benefit

Short term upside in rents and portfolio value

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Development

Within the investment portfolio, we identified potential development opportunities, which could unlock significant growth over the longer term.

Benefit

Medium/long-term upside in rents and portfolio value

Value Created

to be changed

Investors

  • We have a total return strategy, involving increasing capital return as well as income returns.
  • Ambition to outperform our sector as measured against MSCI benchmark.

Total Property Return

4.9%

versus MSCI Index: 9.7%

to be changed

Tenants

  • We create space for modern occupational requirements.
  • We aim to ensure our refurbishments and redevelopments are environmentally efficient.

Space let in the year

113,592
sq ft

to be changed

Communities

  • Sustainably built developments.
  • Meeting regional demand.
  • Working with local authorities.
  • Helping regenerate city centres through developing desirable real estate.

No. of commercial leases across portfolio

179