Well‑positioned to capitalise on our sector’s potential

We focus on attracting high-quality, resilient customers and engaging with them – actively managing our assets and delivering insight-led development from our land portfolio – to grow and maintain income and capital values.

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 have the UK’s largest logistics-focused land platform, giving us an attractive pipeline of internally generated opportunities for long-term phased delivery and an attractive yield on cost target of 6–8%.

We have constructed a portfolio of high-quality assets, in key locations, let to customers 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.

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.

With a loan-to-value ratio of 30.3%, the Group is well financed, with a strong balance sheet, significant headroom and a range of funding sources to support our growth ambitions and shareholder returns.

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 large-scale logistics assets. These trends have many years to run and events such as Covid-19 and Brexit have helped to sustain and accelerate them.