Financial highlights

  • Valuation of portfolio – £47 million

  • Assets / funds under management – £90 million

  • Attractive net initial yield of 10.6%

  • Cash on cash return (with external leverage) commences at 11.2%

  • Average unexpired lease term of 10.2 years (no breaks)

  • 60% of the income provides fixed uplift

  • 25% of income offers RPI protection

  • Low gearing. Access to low cost finance

Property holdings

Our investment property portfolios are structured to be cash flow positive.  This creates a foundation for intensive asset and financial management to build upon.

Our gearing is at historically low levels and reinforces the Group’s defensive position.

We have longstanding relationships with a broad range of global lending institutions. Our low gearing levels and access to low cost finance provides a competitive advantage in a challenging debt market.

The Group has long established relationships with:

  • HSBC
  • HSBC Private Bank
  • Lloyds Bank Commercial Banking (and formerly Bank of Scotland)
  • Barclays Bank plc
  • Principality Building Society
  • Royal Bank of Scotland
  • Santander

The gearing level adopted by the board is at historically low levels and reinforces the Group’s defensive position.