To deliver an attractive total return to shareholders, with a focus on income. The company will investing in managing and disposing of a diversified portfolio of UK office and light industrial properties, which are located predominantly in the regional centers of the UK outside London. The company may, from time to time, acquire, manage and dispose of debt portfolios whose receivables are secured principally against real property that conform to the investment policy criteria. For the avoidance of doubt, the company may make an investment through any type of entity it considers appropriate, including, without limitation, any member of the Group, and references in this investment policy to the company making investments, acquiring or holding assets should be construed accordingly.
An annual management fee of 1.1% of EPRA NAV, reducing to 0.9% on assets over GBP 500m. Such fee shall be payable in cash quarterly in arrears. A performance fee of i 15% of Shareholder Returns in excess of the Hurdle for each Performance Period and ii the number of Ords in issue as at the last day of such Performance Period.
The Company aims to deliver an attractive total return to its Shareholders, targeting greater than 10% p.a., with a strong focus on income supported by additional capital growth prospects. The Board intends to peruse a progressive dividend policy and continue to pay quarterly dividends.