To provide Shareholders with a regular and attractive level of income return together with the potential for long term income and capital growth through investing in commercial real estate in Continental Europe, mainly in France and Germany. The Company may invest directly in real estate assets (both listed and unlisted) or through investment in special purpose vehicles, partnerships, trusts or other structures. The Company will invest principally in the office, retail, logistics and light industrial property sectors. It may also invest in other sectors including, but not limited to, leisure, residential, healthcare, hotels and student accommodation.
A fee at the rate of 1.1% of the EPRA NAV of the Company p.a. where the EPRA NAV of the Company is less than or equal to GBP 500m. To the extent that EPRA NAV of the Company is greater than GBP 500m, the rate to be applied to such excess shall instead be 1.0% of the EPRA NAV, in each case, exclusive of VAT. Notice period is 12 months.
The Company intends to pay dividends on a quarterly basis while targeting an annualized EUR dividend yield of 5.5% based on the EUR equivalent of the Issue Price as at Admission.