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.
|Number of Properties||41|
|NAV Per Share||£1.5045|
|Number of Tenants||220|
|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%|