The REIT targets London and South East industrial properties that are capable of improvement through asset management. As at 31 January 2019 96% of the REIT’s properties were located in the South East of which 44% 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 | 37 |
|---|---|
| Aggregate Value | £197.9m |
| NAV Per Share | £1.367 |
| Number of Tenants | 217 |
| Vacancy Rate | 3.1% |
| Loan to Value | 16.2% |
| Projected Distributions: | 6.0p per share |
| Total Return since launch in December 2014 | 63.0% |
Toby Dean is the Chief Executive of Clipstone. He is responsible for investor relations and overseeing acquistions and sales.
More detailsMarc Cowley is the investment director at Clipstone. He previously worked at CBREGI, one of the world’s largest real estate fund management houses.
More detailsAndrew is the Fund Manager at Clipstone, previously spending eight years in the Industrial and Logistics team at M&G Real Estate.
More detailsPaul has 21 years' experience in real estate, including asset management, leasing, development, refurbishment and dilapidations.
More detailsCurrently non-executive Chairman of Phoenix Group Holdings plc and non-executive director of The British United Provident Association Limited (BUPA).
Former non-executive directorships include Chairman of Miller Insurance Services LLP, Chairman of Longbow Capital LLP, Catlin Group Limited, Friends Life Group plc, Pension Insurance Corporation plc and Temple Bar Investment Trust plc.
Previously the Managing Director of Lehman Brothers London where he was head of the European Financial Institutions Group
Non-executive director of Jupiter Fund Management plc and RailPen Investments (the asset manager of the Railways Pension Scheme).
Non-executive Director of four listed investment trusts
Student (Fellow) of Christ Church and Chairman of the Investment Committee
Formerly Non-executive Director of Friends Life Group plc and Chairman of Board Investment Committee
Previously Chief Investment Officer of Deutsche Asset Management including the UK property business
Purpose built as a distribution warehouse in 2009 with a state-of-the-art KNAPP automated handling system.
Currently occupied by Rhenus Logisitics, the property was built in 2009 and is cross-docked.
The property was built in 2007 and comprises 14 industrial units located within the M25
Built in 2006 to a high specification and let to FTSE listed Clipper Logistics plc
Hayworth Trade Park is a Greater London multi-let trade counter scheme built in 2013.