Portfolio Analytics

Fund Summary - Total Investments inc. Cash

All information correct to 31 July 2023.

Investment Purchase Date Country Location Sector Investment/Development Value Band
432 St Kilda Rd, St Kilda, Melbourne, Australia 30/01/2015 Australia Melbourne Office Standing Investment £25m to £50m
WTC Almeda Park Building 4, Barcelona, Spain 01/04/2015 Spain Barcelona Office Standing Investment £25m to £50m
3 & 5 Custom House Plaza, Dublin, Ireland 30/01/2015 Ireland Dublin Office Standing Investment £25m to £50m
DC Goossens, Veghel, Netherlands 16/10/2015 Netherlands VeghelIndustrial Standing Investment £25m to £50m
44 Esplanade, St Helier, Jersey 16/01/2015 United Kingdom Jersey Office Standing Investment £25m to £50m
Galeria Gniezno, Gniezno, Poland 21/06/2013 Poland Gniezno Retail Standing Investment £10m to £25m
Niu Fury, Munich, Germany 31/12/2019 Germany Munich Hotel Standing Investment £10m to £25m
11 Amour Street, Milperra, Sydney, Australia 09/12/2019 Australia Sydney Industrial Standing Investment £25m to £50m
Nishi-Shinbashi, Tokyo, Japan 23/06/2014 Japan Tokyo Office Standing Investment £10m to £25m
3-5 John Morphett Place, Erskine Park, Sydney, Australia 21/11/2018 Australia Sydney Industrial Standing Investment £10m to £25m
1651-1657 Centre Rd, Springvale, Melbourne, Australia 17/08/2018 Australia Melbourne Industrial Standing Investment £10m to £25m
48/48A, 52/54 and 56 Peck Seah Street 06/02/2020 Singapore Singapore Mixed use Standing Investment £25m to £50m
Site 1 and 2 Myslowice 24/08/2007 Poland Myslowice Other Development £0m to £2.5m

*MSCI PAS assumption – all tenant breaks executed only if over-rented.

**Official NAV at month end adjusted for change in direct market values at month end (net of any fx movements). NAV may differ from overall Fund valuation due to pricing basis moves.

† The Fund is limited to 10% of NAV in CIS exposure per Fund guidelines and is not permitted any new unregulated CIS exposure.

†† Cash plus other may include bank and building society deposits, other money market instruments such as Money Market Funds, other current assets and liabilities and allowances for tax, dividends and interest due if appropriate.

All currency conversions were calculated using official rates as at month end.

Investment Country Sector Value Band
PROLOGIS INC United States Industrial £5.0m to £10m
GOODMAN GROUP Australia Industrial £2.5m to £5.0m
SUN COMMUNITIES INC United States Residential £0m to £2.5m
REALITY INCOME CORP United States Retail £0m to £2.5m
EQUITY LIFESTYLE PROPERTIES United States Residential £2.5m to £5.0m
AMERICAN TOWER CORP United States Infrastructure £0m to £2.5m
ALEXANDRIA REAL ESTATE EQUIT United States Life Sciences £0m to £2.5m
EQUINIX INC United States Data Centre £5.0m to £10m
ESR GROUP LTD Cayman islands Industrial £0m to £2.5m
INVITATION HOMES INC United States Residential £0m to £2.5m
EXTRA SPACES STORAGE INC United States Storage £0m to £2.5m
SAFESTORE HOLDINGS PLC United Kingdom Storage £0m to £2.5m
EQUITY RESIDENTIAL United States Residential £0m to £2.5m
UNITE GROUP PLC/THE United Kingdom PBSA £0m to £2.5m
CROWN CASTLE INC United States Infrastructure £0m to £2.5m
SBA COMMUNICATIONS CORP United States Infrastructure £0m to £2.5m
WELLTOWER INC United States Healthcare £2.5m to £5.0m
AMERICAN HOME 4 RENT - A United States Residential £2.5m to £5.0m
MID-AMERICA APARTMENT COMM United States Residential £0m to £2.5m
CTP NV W/I Netherlands Industrial £0m to £2.5m
CANADIAN SOLAR INFRASTRUCTURE Japan Infrastructure £0m to £2.5m
DIGITAL REALTY TRUST INC United States Data Centre £2.5m to £5.0m
KIMCO REALTY CORP United States Retail £0m to £2.5m
COVIVIO France Diversified £0m to £2.5m
BRIXMOR PROPERTY GROUP INC United States Retail £0m to £2.5m
TAG IMMOBILIEN AG Germany Industrial £0m to £2.5m
VONOVIA SE Germany Residential £0m to £2.5m
INMOBILIARIA COLONIAL SA Spain Office £0m to £2.5m
AMERICOLD REALTY TRUST INC United States Industrial £0m to £2.5m
OMEGA HEALTHCARE INVESTORS United States Healthcare £0m to £2.5m
CAMDEN PROPERTY TRUST United States Residential £0m to £2.5m
CAN APARTMENT PROP REAL ESTA Canada Residential £0m to £2.5m
AVALONBAY COMMUNI United States Residential £0m to £2.5m
GECINA France Office £0m to £2.5m
GAMING AND LEASURE PROPERTIE REIT United States Casinos £2.5m to £5.0m
VICI PROPERTIES INC United States Casinos £2.5m to £5.0m
REGENCY CENTERS CORP United States Retail £0m to £2.5m
CHARTER HALL GROUP Australia Office £0m to £2.5m
COFINIMMO Belgium Healthcare £0m to £2.5m
PUBLIC STORAGE COM USD0.10 United States Storage £0m to £2.5m
REALTY INCOME CORP United States Retail £0m to £2.5m
AEDIFICA Belgium Healthcare £2.5m to £5.0m
SEGRO PLC United Kingdom Industrial £2.5m to £5.0m

*MSCI PAS assumption – all tenant breaks executed only if over-rented.

**Official NAV at month end adjusted for change in direct market values at month end (net of any fx movements). NAV may differ from overall Fund valuation due to pricing basis moves.

† The Fund is limited to 10% of NAV in CIS exposure per Fund guidelines and is not permitted any new unregulated CIS exposure.

†† Cash plus other may include bank and building society deposits, other money market instruments such as Money Market Funds, other current assets and liabilities and allowances for tax, dividends and interest due if appropriate.

All currency conversions were calculated using official rates as at month end.

Indirect £ % of Indirect (CIS) % of NAV
Saffron India Real Estate Fund £369,610 81.80% 0.08%
Pradera Central & Eastern European Fund £82,242 18.20% 0.02%
Market Value of Indirect (CIS) £451,852 100.00% 0.10%

*MSCI PAS assumption – all tenant breaks executed only if over-rented.

**Official NAV at month end adjusted for change in direct market values at month end (net of any fx movements). NAV may differ from overall Fund valuation due to pricing basis moves.

† The Fund is limited to 10% of NAV in CIS exposure per Fund guidelines and is not permitted any new unregulated CIS exposure.

†† Cash plus other may include bank and building society deposits, other money market instruments such as Money Market Funds, other current assets and liabilities and allowances for tax, dividends and interest due if appropriate.

All currency conversions were calculated using official rates as at month end.

Key facts
Number of Direct Properties 13
Number of Indirect (CIS) Investments †  2
Number of Listed Investments 42
Average Lot Size (direct) £22,714,538
Average Unexpired Lease Term (to first break) - Yrs * 6.0
Void Rate (including development and major refurbishment) 13.43%
Net Asset Value (NAV)** £470,336,147
Direct Portfolio Net Initial Yield 4.62%
Direct Portfolio Net Reversionary Yield 5.84%
Fund Gross Yield 4.38%
Look through Gearing 0.00%

*MSCI PAS assumption – all tenant breaks executed only if over-rented.

**Official NAV at month end adjusted for change in direct market values at month end (net of any fx movements). NAV may differ from overall Fund valuation due to pricing basis moves.

† The Fund is limited to 10% of NAV in CIS exposure per Fund guidelines and is not permitted any new unregulated CIS exposure.

†† Cash plus other may include bank and building society deposits, other money market instruments such as Money Market Funds, other current assets and liabilities and allowances for tax, dividends and interest due if appropriate.

All currency conversions were calculated using official rates as at month end.

Fund Summary £ % of NAV
Market Value of Real Estate held directly £295,289,000 62.78%
Market Value of Real Estate held indirectly (CIS) † £451,852 0.10%
Market Value of Listed Real Estate £84,696,329 18.01%
Cash plus other †† £89,898,965 19.11%
Net Asset Value (NAV)**  £470,336,147 100.00%

*MSCI PAS assumption – all tenant breaks executed only if over-rented.

**Official NAV at month end adjusted for change in direct market values at month end (net of any fx movements). NAV may differ from overall Fund valuation due to pricing basis moves.

† The Fund is limited to 10% of NAV in CIS exposure per Fund guidelines and is not permitted any new unregulated CIS exposure.

†† Cash plus other may include bank and building society deposits, other money market instruments such as Money Market Funds, other current assets and liabilities and allowances for tax, dividends and interest due if appropriate.

All currency conversions were calculated using official rates as at month end.

Key currency rates
GBP:EUR 1.1658
GBP:AUD 1.9182
GBP:JPY 182.9924
GBP:CZK 0.0000
GBP:USD 1.2865
GBP:BRL 0.0000
GBP:SEK 0.0000
GBP:CAD 1.7006

*MSCI PAS assumption – all tenant breaks executed only if over-rented.

**Official NAV at month end adjusted for change in direct market values at month end (net of any fx movements). NAV may differ from overall Fund valuation due to pricing basis moves.

† The Fund is limited to 10% of NAV in CIS exposure per Fund guidelines and is not permitted any new unregulated CIS exposure.

†† Cash plus other may include bank and building society deposits, other money market instruments such as Money Market Funds, other current assets and liabilities and allowances for tax, dividends and interest due if appropriate.

All currency conversions were calculated using official rates as at month end.