About us
What we do
We grow our portfolio by carefully choosing assets to acquire and by selectively developing new assets, often on under-utilised land within the portfolio. Our proactive asset management then unlocks the value inherent in the portfolio, helping us to capture rising rents and increase capital values. At the same time, we are increasingly embedding sustainability considerations into everything we do.
Business model
Inputs
Our portfolio
- Multi let warehouses
- Strategically located
- Attractive opportunities for development
People and relationships
- Experienced Board
- Dedicated Investment Advisor with extensive real estate expertise and strong industry relationships
Financial
- Sound financial position
- Access to a range of funding sources and significant headroom to covenants
How we create value
Investment
We benefit from Tilstone’s extensive network to identify attractive opportunities for investment and development which can enable us to secure deals off-market, potentially on better terms.
Asset management and development
We actively manage our assets to drive rental growth and keep occupancy high. We invest in our properties to ensure they meet the needs of occupiers and we develop into markets with potential.
Recycle capital
We are long-term holders of our properties but regularly review our portfolio and look to crystallise value through asset disposals and recycle capital where future returns are lower than target or to pay down debt.
Creating economic value
Financial
We aim to deliver an average total accounting return of over 10% per annum for our shareholders. For our lenders, we are an attractive covenant with high-quality assets and a robust interest cover.
Occupiers
We provide high-quality, well-located space and our effective retention rate of 82.2% is a strong endorsement of our offer.
Environmental and social
Our asset management initiatives are improving the environmental credentials of our buildings. 60.2% of the portfolio is now EPC A to C rated and introducing green clauses to all new leases.
Operating sustainably
Creating a resilient portfolio
Reducing our footprint
Supporting our occupiers
