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.
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
We reinvest surplus capital to adapt to changing occupier demands.
Benefit
Short term upside in rents and portfolio value
Opportunistic development
Within the investment portfolio, we have identified potential development opportunities, which will unlock significant growth over the medium/long-term.
Benefit
Medium/long-term upside in rents and portfolio value
VALUE CREATED
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
(11.6)%
versus MSCI Index: (12.6)%
Tenants
- We create space for modern occupational requirements.
- We aim to ensure our refurbishments and redevelopments are environmentally efficient.
Space let in the year
228,000
sq ft
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
