We have invested in university towns and city centres across different sectors in buildings either let to multiple tenants or single occupiers.

Office

Investment summary

We focus on central locations, close to public transport connections. These locations are generally in areas we consider to have long-term rental growth..

Top Holdings by valuation at 30 September 2022

  • Hudson Quarter, York
  • 2/3 St James’ Gate, Newcastle
  • One Derby Square, Liverpool
  • Combined Value = £38,180,00

Properties

17

Area

622,905sq ft

Value

£95.6m

Industrial

Investment summary

We have a mix of multi-let and single-let properties which saw good rental growth last year. We are expecting this to continue as many properties have further rent reviews and lease expiries to come.

Top Holdings by valuation at 30 September 2022

  • Point Four Industrial Estate, Avonmouth
  • Clayton Industrial Estate, Burgess Hill
  • Courtauld House, Coventry
  • Black Moor Road, Verwood
  • Combined Value = £22.7m

Properties

7

Area

339,420sq ft

Value

£35.9m

Leisure

Investment summary

A number of operators have struggled in the last few years. The majority of our tenants in both schemes continued to trade well until Covid 19. Post Covid-19, we are focused on letting the vacant space and our marketing initiatives will help to increase footfall.

Top Holdings by valuation at 30 September 2022

  • Broad Street Plaza, Halifax
  • Sol, Northampton
  • Combined Value = £29.3m 

Properties

2

Area

304,319sq ft

Value

£29.3m

Retail

Investment summary

Our units are in good locations with a mix of local and national brands. We are working closely with our tenants to ensure that they can trade effectively in light of the ongoing pandemic.

Top Holdings by valuation at 30 September 2022

  • Aldi, Gosport
  • Lendal, Museum Street, York
  • Copperfield Centre, Dartford
  • Combined Value = £12.7m 

Properties

3

Area

58, 287sq ft

Value

£12.7m

Retail Warehouse

Investment summary

This sector continues to perform well. Our holdings are located in the South East and we expect to see continued rental growth in the medium term.

Top Holding by valuation at 30 September 2022

  • Bridge Park, East Grinstead

Properties

1

Area

26,564sq ft