Appointment of Karen Whitworth as a Non-Executive Director of the Company.
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Acquisition price: £42.90 million
Net initial yield: 5.6%
GIA: 549,788 sq ft
Eaves height: 15 metres
Build: 2006
Lease expiry: March 2025
Acquisition date: August 2016
Acquisition price: £36.10 million
Net initial yield: 5.4%
GIA: 387,666 sq ft
Eaves height: 12.5 metres
Built: 2006
Lease expiry: November 2026
Acquisition date: January 2018
Acquisition price: £74.65 million
Net initial yield: 5.6%
GIA: 653,670 sq ft
Eaves height: 12-30 metres
Build: 2002
Lease expiry: March 2028
Acquisition date: March 2016
Acquisition price: £34.10 million
Net initial yield: 5.3%
GIA: 495, 441 sq ft
Eaves height: 13.5 metres
Built: 1998
Lease expiry: March 2028
Acquisition date: April 2015
Acquisition price: £89.75 million
Net initial yield: 5.1%
GIA: 880,175 sq ft
Eaves height: 24-14 metres
Built: 2005
Lease expiry: November 2031
Acquisition date: April 2015
Acquisition price: £28.64 million
Net initial yield: 6.60%
GIA: 501,751 sq ft
Eaves height: 15 metres
Built: 2005
Lease expiry: November 2034
Acquisition date: March 2014
Acquisition price: £120.7 million
Net initial yield: 5.0%
GIA: 1,508,367 sq ft
Eaves height: 18 metres
Practical completion: September 2019
Lease expiry: September 2039
Acquisition date: June 2018
Acquisition price: £147.3 million
Net initial yield: 5.25%
GIA: 1,992,061 sq ft
Eaves height: 20+ metres
Practical completion: Summer 2020
Lease expiry: 20 years from practical completion, c.2040
Acquisition date: December 2018
Acquisition price: £68.7 million
Net initial yield: 4.9% (net of acquisition costs to the Company), rising to 5.4% at first rent review in 2024¹
GIA: c.361,062 sq ft
Eaves height: 12 metres
Practical completion: September 2019
Lease expiry: c. September 2034
Acquisition date: September 2018
1 Based on average forecasts published by HM Treasury to 2022 and the BofE inflation target of 2% pa thereafter
Further InformationAcquisition price: £25.20 million
Net initial yield: 5.2%
GIA: 250,763 sq ft
Eaves height: 11 metres
Build: 1990
Lease expiry: March 2046
Acquisition date: March 2016
Acquisition price: £37.18 million
Net initial yield: 5.0%
GIA: 276,213 sq ft
Eaves height: 11 metres
Built: 1988
Lease expiry: July 2039
Acquisition date: June 2015
Acquisition price: £89.3 million
Net initial yield: 5.2% (net of acquisition costs to the Company)
GIA: 945,375 sq ft
Eaves height: 15 metres
Build: PC targeted for Autumn 2019
Lease expiry: c.Autumn 2029
Acquisition date: October 2018
Acquisition price: £20.25 million
Net initial yield: 6.6%
GIA: c.330,807 sq ft
Eaves height: c.12 metres
Build: 2007
Lease expiry: September 2035
Acquisition date: November 2017
Acquisition price: £17.53 million
Net initial yield: 6.5%
GIA: 255,680 sq ft
Eaves height: 12 metres
Built: 2006
Lease expiry: August 2024
Acquisition date: August 2014
Acquisition price: £28.87 million
Net initial yield: 6.5%
GIA: 470,385 sq ft
Eaves height: 12.75 metres
Built: 2003
Lease expiry: August 2024
Acquisition date: August 2014
Acquisition price: £77.30 million
Net initial yield: 5.9%
GIA: 725,799 sq ft
Eaves height: 12.25 metres
Lease expiry: March 2036
Acquisition date: May 2016
Acquisition price: £43.43 million
Net initial yield: 5.5%
GIA: 526,953 sq ft
Eaves height: 15 metres
Practical completion: February 2016
Lease expiry: February 2026
Acquisition date: June 2015
Acquisition price: £42.10 million
Net initial yield: 5.4%
GIA: c.503,389 sq ft (in two buildings)
Eaves height: c.12 metres
Build: 2004 and 2010
Lease expiry: August 2020
Acquisition date: October 2017
Acquisition price: £81.80 million
Net initial yield: 5.0%
GIA: 844,000 sq ft
Eaves height: 18 metres
Build: Expected January 2019
Lease expiry: Expected January 2039
Acquisition date: February 2018
Acquisition price: £80.14 million
Net initial yield: 5.0%
GIA: 780,977 sq ft
Eaves height: 18 metres
Built: January 2016
Lease expiry: 2036
Acquisition date: October 2016
Acquisition price: £56.30 million
Net initial yield: 5.1%
GIA: 545,998 sq ft
Eaves height: 15-12 metres
Lease expiry: March 2028
Acquisition date: October 2016
Acquisition price: £29.24 million
Net initial yield: 5.8%
GIA: c.243,409 sq ft
Eaves height: 20 metres
Practical completion: July 2017
Lease expiry: July 2032
Acquisition date: February 2017
Further Information
Acquisition price: £67.00 million
Net initial yield: 5.0%
GIA: 658,971 sq ft
Eaves height: 15 metres
Practical completion: June 2016
Lease expiry: June 2046
Acquisition date: October 2015
Acquisition price: £71.20 million
Net initial yield: 5.0% (net of land acquisition costs)
GIA: 657,000 sq ft
Eaves height: 15 metres
Practical completion: Targeted for Winter 2019
Lease expiry: 30 years from practical completion
Acquisition date: January 2018
Acquisition price: £32.50 million
Net initial yield: 5.0% (net of land acquisition costs)
GIA: 300,000 sq ft
Eaves height: 15 metres
Practical completion: Targeted for Winter 2019
Lease expiry: 30 years from practical completion
Acquisition date: Completed Jan 2018
Acquisition price: £44.40m
Net initial yield: 6.2%
GIA: 390,092 sq ft
Eaves height: 11.5 metres
Built: 2008
Lease expiries: ITS, November 2031; Wincanton, February 2022
Acquisition date: November 2017
Acquisition price: £23.50 million
Net initial yield: 5.9%
GIA: 311,602 sq ft
Eaves height: c.15 metres
Built: 2007
Lease expiry: March 2028
Acquisition date: August 2016
Acquisition price: £29.27 million
Net initial yield: 6.00%
GIA: 343,248 sq ft
Eaves height: 12 metres
Built: 1997, extended 1999
Lease expiry: March 2028
Acquisition date: December 2014
Acquisition price: £25.83 million
Net initial yield: 7.1%
GIA: 315,118 sq ft
Eaves height: 10.2 metres
Built: 2004, extended 2013
Lease expiry: August 2019
Acquisition date: December 2014
Acquisition price: £82.58 million
Net initial yield: 5.2%
GIA: 906,240 sq ft
Eaves height: 25 metres
Built: 2011
Lease expiry: December 2036
Acquisition date: December 2013
Acquisition price: £36.40 million
Net initial yield: 5.4%
GIA: c.382,594 sq ft
Eaves height: c.12 metres
Build: 2008
Lease expiry: May 2026
Acquisition date: October 2017
Acquisition price: £42.38 million
Net initial yield: 6.3%
GIA: 578,127 sq ft
Eaves height: 15 metres
Built: 2006 extended 2014
Lease expiry: September 2036
Acquisition date: December 2015
Acquisition price: £92.33 million
Net initial yield: 5.3% on the asset acquisition
GIA: c.814,329 sq ft
Eaves height: c.16 metres
Lease expiry: May 2038
Acquisition Date: 9 June 2017
Acquisition price: £97.80 million
Net initial yield: 5.2%
GIA: 919,443 sq ft
Eaves height: 12.2 metres
Built: 2009
Lease expiry: June 2039
Acquisition date: June 2014
Acquisition price: £30.05 million
Net initial yield: 5.9%
GIA: 398,618 sq ft
Eaves height: 12-15 metres
Built: 2007 and extended in 2011
Lease expiry: January 2025
Acquisition date: May 2015
Acquisition price: £60.00 million
Net initial yield: 6.1%
GIA: 755,055 sq ft
Eaves height: 17.5 metres
Built: 2003, extended 2005
Lease expiry: March 2023
Acquisition date: June 2014
Acquisition price: £28.66 million
Net initial yield: 6.4%
GIA: 399,519 sq ft
Eaves height: c.11 metres
Practical completion: May 2016
Lease expiry: May 2041
Acquisition date: May 2015
Acquisition price: £101.73 million
Net initial yield: 5.3%
GIA: 563,912 sq ft
Eaves height: 12 metres
Practical completion: April 2016
Lease expiry: April 2046
Acquisition date: May 2015
Acquisition price: £36.98 million
Net initial yield: 6.3%
GIA: 409,695 sq ft
Eaves height: 10 metres
Practical completion: September 2015
Lease expiry: September 2025
Acquisition date: October 2014
Acquisition price: £32.68 million
Net initial yield: 6.1%
GIA: 395,111 sq ft
Eaves height: Between 9 and 10 metres
Lease expiry: August 2023
Acquisition date: September 2017
Acquisition price: £48.82 million
Net initial yield: 5.0%
GIA: 264,802 sq ft
Eaves Height: Between 6 and 13 metres
Lease expiry: September 2023
Acquisition date: October 2017
Further Information
Acquisition price: £48.75 million
Net initial yield: 6.7%
GIA: 571,522 sq ft
Eaves height: 13 metres
Built: 2000
Lease expiry: November 2026
Acquisition date: December 2013
Acquisition price: £52.70 million
Net initial yield: 5.5%
GIA: 553,276 sq ft
Eaves height: 15 metres
Practical completion: October 2017
Lease expiry: October 2027
Acquisition date: December 2016
Acquisition price: £23.61 million
Net initial yield: 5.3%
GIA: c.314,981 sq ft
Eaves height:c.125 metres
Build: 2015
Lease expiry: February 2038
Acquisition date:November 2017
Acquisition price: £62.50 million
Site area: 114 acres
Development potential: 1.7 m sq ft of logistics space
Acquisition date: September 2017
Further Information
Strategic land – Littlebrook, Dartford
Acquisition price: £59.00 million
Net initial yield: 5.3%
GIA: c.640,759 sq ft
Eaves height: 17 metres
Practical completion: January 2017
Lease expiry: January 2037
Acquisition date: September 2015
Acquisition price: £27.20 million
Net initial yield: 6.90%
GIA: 288,295 sq ft
Eaves height: 11 metres
Built: 1989
Lease expiry: July 2024
Acquisition date: April 2014
Acquisition price: £47.10 million
Net initial yield: 5.7%
GIA: 711,933 sq ft
Eaves height: 14 metres
Built: 2007
Lease Expiry: September 2032
Acquisition Date: June 2015
Further Information
Acquisition price: £22.45 million
Net initial yield: 8.3%
GIA: 302,111 sq ft
Eaves height: 10.8 metres
Built: 1988
Lease expiry: December 2023
Acquisition date: December 2014
Planning received: May 2019
Eaves height: 15 metres
GIA: 661,201 sq ft
Construction commences: Q4 2019
Practical completion: Expected Q1 2021
Lease expiry: Expected Q1 2041
Acquisition price: £56.5 million
Net initial yield: 5.5%
GIA: 322,684 sq ft
Eaves height: 15 metres
Build: 2005
Lease expiry: March 2025
Acquisition date: October 2016
Acquisition price: £48.50 million
Net initial yield: 6.1%
GIA: 750,431 sq ft
Eaves height: 15.8 metres
Built: 2006
Lease expiry: September 2032
Acquisition date: November 2014
Acquisition price: £44.25 million
Net initial yield: 5.0% on the asset acquisition
GIA: 541,157 sq ft
Eaves height: 10 and 28 metres
Build: 2005
Lease expiry: December 2027
Acquisition date: December 2017
Acquisition price: £20.90 million
Net initial yield: 5.6% on the asset acquisition
GIA: 262,885 sq ft
Eaves height: c.11 and 26 metres
Lease expiry: May 2032
Acquisition date: May 2017
Acquisition price: £35.35 million
Net initial yield: 6.6%
GIA: 473,263 sq ft
Eaves height: 11 metres
Lease expiry: 2021
Acquisition date: October 2016
Acquisition price: £12.24 million
Net initial yield: 6.7%
GIA: 221,763 sq ft
Eaves height: 12 metres
Built: 2001
Lease expiry: September 2026
Acquisition date: August 2014