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 2023 98.3% of the REIT’s properties were located in the South East of which 40.7% 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 2023

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Properties

Investor Information


Key Fund Data
as of 31 December 2023

Number of Properties 36
Aggregate Value £295.3m
NAV Per Share £1.7340
Number of Tenants 176
Vacancy Rate 3.2%
Vacancy Rate if units under offer complete 2.3%
Loan to Value 26.0%
Projected Distributions: 6.5p per share
Total Return since launch in December 2014 125.7%

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

Chief Investment Officer

Marc Cowley is the Chief Investment Officer 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

Chief Operations Officer

Richard Demarchi is the Chief Operations Officer at Clipstone.

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Non-Executive Directors

Karl Sternberg

Independent Non-Executive Chairman

Karl is currently a non-executive director of Jupiter Fund Management plc, Apax Global Alpha Limited and The Howard de Walden Estate. He is also Chairman of Monks Investment Trust plc. He is a Student (Fellow) of Christ Church and Chairman of the Investment Committee. Previously, Karl held non-executive director roles at RailPen Investments (the asset manager of the Railways Pension Scheme), JP Morgan Elect plc and as Chairman of the Board Investment Committee of Friends Life Group plc. Prior to that Karl held executive roles as 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.