Since inception in 2008, and without deviation, Clipstone has specialised in two sectors. Firstly, high quality, modern distribution warehouses, let on long leases to strong covenants. These investments, in the main, have been in the Midlands “Golden Triangle”. Secondly, South East industrial property with prospects of rental and capital improvement. This narrow, but disciplined, focus has brought considerable success to Clipstone and its investors.
The Clipstone team is currently eight strong. Each person has a strong history and extensive contacts in the commercial property market. Clipstone is not hindered by layers of management, nor burdened by legacy issues or historical commitments. Decisions are made rapidly, experience is shared, and Clipstone’s presence in the market is widely recognised. The performance can be seen in our Track Record section.
Clipstone manages a number of real estate funds and mandates that are suitable for all types of investors, from high net worth individuals to family offices, wealth managers, private equity funds, institutions and endowment funds.
Since 2008 Clipstone has acquired more than 60 industrial properties. Across our mandates we have over £400m of property under management.
Clipstone has a strong track record in the industrial sector. Between 2009 and 2013 Clipstone established nine real estate funds and then (prior to 31 December 2014) realised those investments at an average IRR of 22.2% per annum (net of all costs and expenses)
In December 2018 we sold five distribution warehouses for £85.4m. This marked a complete exit from the Midlands’ distribution warehouse sector by Clipstone. The properties were sold at a 6% premium to valuation.
In January 2019 we closed The Clipstone Industrial Unit Trust having generated a total return (net of all fees and expenses) of 142.7% since launch in August 2011.
Clipstone’s principal fund is Clipstone Industrial REIT plc. We also run segregated account mandates for certain family offices, institutions and endowment funds.