We acquire regional properties and unlock value to create sustainable assets through our proactive management approach to property investment.

Key Resources


Our People

  • Extensive property and financial expertise
  • Over 100 years of combined real estate expertise
  • Regional expertise
  • Entrepreneurial and pro-active approach to property investment

Our Portfolio

  • Majority of portfolio is core plus generating strong cash-on-cash returns
  • Value-added and opportunistic assets with future growth potential
  • Potential development pipeline within existing portfolio
  • 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

Acquisition of Assets

We identify and buy strategically located real estate outside London that fits our investment criteria.

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


Sustainable income generated, used to fund dividends

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We reinvest surplus capital to adapt to changing occupier demands.


Short term upside in rents and portfolio value

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Opportunistic development

Within the investment portfolio, we have identified potential development opportunities, which will unlock significant growth over the medium/long-term.


Medium/long-term upside in rents and portfolio value

Disposal and Reinvestment

Once we have achieved our objectives, we recycle capital into new opportunities through disposal.

Characteristics of disposals:


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Assets with limited growth prospects


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Non-core assets that don’t fit with our regional office and industrial strategy


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Assets where we can realise profit that reflects good value from our investments, which we can reinvest into growth opportunities


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Assets that are vacant

Value Created