Financial highlights
- Valuation of property portfolio – £47 million
- Assets / funds under management – £90 million
- Attractive net initial yield of 10.6%
- Cash on cash return (with external leverage) in excess of 11%
- Average unexpired lease term of 10 years (no breaks)
- 60% of rental income offers fixed uplifts
- 25% of rental income offers RPI protection
- Low gearing provides 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.