We have invested in university towns and city centres across different sectors in buildings either let to multiple tenants or single occupiers.
47.7% of our portfolio is in this sector and accounts for £8.9m p.a. in rent from 94 tenants in 19 buildings.
We focus on city centre locations, close to public transport connections. These locations are generally in areas we consider to have long-term rental growth.
17.4% of our portfolio is in this sector and accounts for £2.5m p.a. in rent from 27 tenants in 8 buildings.
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.
16.5% of our portfolio is in this sector and accounts for £3.8m p.a. in rent from 22 tenants in 2 buildings.
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.
7.2% of our portfolio is in this sector and accounts for £1.4 p.a. in rent from 33 tenants in 4 buildings.
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.
3.2% of our portfolio is in this sector and accounts for £0.5m p.a. in rent from 2 tenants in 1 building.
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.