The Company's objective is to build a substantial property portfolio predominantly in the residential sector that generates both secure income flow from rents and increasing net asset value for shareholders. The Company acquires or develops blocks of studio, one-and two-bed apartments that are close to transport links, shopping and leisure, mostly in London, its surrounds and the South East. These blocks are focused on attracting tenants seeking affordable rental accommodation. This will be diversified by location, building and tenant targeting areas where both capital and rental growth are expected to be strong in the coming years. To gain access to a wider pool of opportunities over time, the company may invest in properties in development once they are completed to the required specification. It may also invest in the forward funding of developments but it will not take on ground up development planning or construction risk.
The Directors have decided not to put in place an annual management fee.
No dividends have been paid by the Company since its incorporation. The Company is targeting a dividend yield of between 3% and 5% within 3 years of admission by reference to the share price of the Ords.