Investment Case
As the UK’s largest investor in logistics warehouses and owner of the UK’s largest logistics-focused land portfolio, we are well placed to capitalise on the opportunity that the UK logistics market has to offer.
Our approach aims to offer investors a sustainable blend of long-term growing income and capital growth.
We believe logistics is the most attractive and dynamic sector in commercial property. There are major long‑term, structural trends driving occupational and investor demand for logistics assets. These trends have many years to run, and events such as Covid-19 and Brexit have helped to sustain and accelerate them.
We have a clear but effective strategy aligned to the major long-term, structural drivers influencing our sector. This is underpinned by a disciplined approach to capital allocation and embedding ESG initiatives across all of our activities. Our strategy aims to deliver a sustainable combination of long-term, growing income and capital growth.
We have constructed a portfolio of high-quality assets in key locations, let to clients operating in strong business segments. The portfolio has proven its ability to generate resilient income, even in uncertain times. Owning assets in a range of sizes and locations allows us to apply our asset management expertise to support greater returns.
We have the UK’s largest logistics-focused land portfolio, giving us an attractive pipeline of internally generated opportunities for long-term phased delivery and an attractive yield-on-cost target of 6–8%.
ESG considerations are central to all our investment decisions. From integrating ESG initiatives into our asset management plans to developing net zero carbon buildings, or funding through green finance, ESG factors are fully considered to ensure long-term risks and opportunities are addressed.
Our Manager’s specialist understanding of our sector, combined with the calibre of its team and extensive network, gives us the capabilities we need to identify opportunities and successfully execute our strategy.
We are well financed and have a conservatively geared balance sheet, with significant headroom and a range of funding sources to support our growth ambitions and shareholder returns.