Portfolio

Our portfolio delivers reliable income with growth

Our portfolio is aligned to structurally supported sectors and quality assets that can deliver reliable, repetitive and growing income. We primarily invest in properties that are let on long leases to credit worthy occupiers who pay for the property’s operating expenses. These assets are mission critical and key operating assets with high occupier contentment.

£ 7 bn

Portfolio value

700

Number of assets

£ 400 m

Contracted rent

17 years

WAULT

Portfolio split by sector

We invest in structurally supported sectors benefiting from consumer tailwinds of online shopping, convenience retail, social experiences, healthcare and quicker gratification. We consciously avoid troubled legacy sectors where income security and growth is less assured.

55 %

Logistics

18 %

Entertainment & Leisure

13 %

Convenience

13 %

Healthcare

Note: Remaining 1% mainly comprises offices and life science assets .

Logistics

Our logistics assets are spread across the urban, regional and mega sub-sectors with urban logistics the largest component. This sector is capturing strong rental growth and has high reversionary potential

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Convenience

Our convenience assets comprise a number of foodstores, single let or cluster NNN retail stores, roadside assets , trade & DIY stores as well as autocentres

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Entertainment

This sector comprises theme parks let to Merlin Entertainments, a number of hotels let to Travelodge and Premier Inn as well as other assets including cinemas and Manchester Arena.

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Healthcare

Our healthcare assets mainly comprise private hospitals.  Healthcare is underpinned by strong demand drivers from an ageing and growing population as well as improvements in patient care.

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