Business model


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


  • Sound financial position
  • Access to a range of funding sources and significant headroom to covenants

How we create value


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


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.


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

Responsible business foundations