Clipstone Industrial REIT plc

Clipstone Industrial REIT plc was launched in 17 December 2014. Its shares are listed on The International Stock Exchange.

The REIT targets London and South East industrial properties that are capable of improvement through asset management. As at 31 December 2020 97% of the REIT’s properties were located in the South East of which 50.1% are in the London / M25 region.

The REIT targets South East industrials as there is a supply and demand imbalance in this sector, partly due to the reduction of industrial space as it is converted to higher value uses and a lack of development due to high land and construction costs. This supply and demand imbalance is expected to lead to rental and therefore capital growth.

Total Returns to 31 December 2020

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Investor Information

Key Fund Data
as of 31 December 2020

Number of Properties 41
Aggregate Value £249.0
NAV Per Share £1.5045
Number of Tenants 220
Vacancy Rate 3.3%
Vacancy Rate if units under offer complete 1.6%
Loan to Value 24.9%
Projected Distributions: 5.6p per share
Total Return since launch in December 2014 82.6%

Properties by region

Fund Management Team

Toby Dean
Chief Executive

Toby Dean is the Chief Executive of Clipstone. He is responsible for investor relations and overseeing acquistions and sales.

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Marc Cowley
Investment Director

Marc Cowley is the investment director at Clipstone. He previously worked at CBREGI, one of the world’s largest real estate fund management houses.

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Andrew Windle
Fund Manager

Andrew is the Fund Manager at Clipstone, previously spending eight years in the Industrial and Logistics team at M&G Real Estate.

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Paul Priestley
Head of Asset Management

Paul has 21 years' experience in real estate, including asset management, leasing, development, refurbishment and dilapidations.

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Richard Demarchi
Finance Director

Richard Demarchi is the Finance Director at Clipstone.

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Non-Executive Directors

Karl Sternberg
Independent Non-Executive Chairman

Non-executive director of Jupiter Fund Management plc, JPMorgan Elect Plc, Alliance Trust PLC, Herald Investment Trust plc, Lowland Investment Company PLC and The Howard de Walden Estate. He is also Chairman of Monks Investment Trust.

Student (Fellow) of Christ Church and Chairman of the Investment Committee.

Formerly Non-executive Director of RailPen Investments (the asset manager of the Railways Pension Scheme) and Chairman of the Board Investment Committee of Friends Life Group plc.

Previously Chief Investment Officer of Deutsche Asset Management, including the UK property business, and Chief Executive of Oxford Investment Partners.

Anna Rule MRICS
Independent Non-Executive Director

Anna has over 20 years’ property industry experience. She is currently Head of Real Assets at RPMI Railpen, where her responsibilities include the management of Railpen’s £2.2 billion of property assets. Railpen (The Railways Pension Scheme) is one of the UK’s largest and longest established pension funds with £30 billion of assets under management.

Previously at Cushman Wakefield and then a fund manager for a number of institutional funds at Aviva Investors.

Anna is a Member of the Royal Institution of Chartered Surveyors and a non-executive director of The King’s Fund.