We select our investments based on a thorough assessment of the opportunities they present in order to create a high-yielding portfolio with the potential to add value. Our balance sheet is strong and we remain committed to financing prudently.
Our property portfolio is spread across several European countries, primarily in Germany and the UK. We have more than 5,200 tenants, none of which accounts for more than 1.5% of the annual rent roll.
Our people are at the heart of our success. We have 16 offices with experienced management teams across the UK and Continental Europe. We work hard at creating strong relationships with our tenants and other stakeholders so that we are in prime position to act when opportunities arise.
Our board is committed to a prudently-progressive dividend policy, reflecting the strong and growing cash flow generated by the business. We have paid a covered dividend every year since the first distribution in 2006; during that period the dividend has increased by 75%.
See below how we implement our strategy in more detail:
We are an entrepreneurial investor which looks for opportunistic investments that will create a high-yielding property portfolio
||billion (£) in 5 countries
Our locally-based, in-house, asset management teams have the skills to meet the most complex occupier requirements and improve occupancy
|| regional offices across the UK and Europe
We have a diversified portfolio and a strong European platform
|23,000||(£) average rent per annum
We seek to produce sustainable growth in our rental income and occupancy through intense asset management initiatives
|| sq m occupancy improvement in H1 2014
||million (£) rent roll improvement in H1 2014
||million (£) sales in 5 years
Our returns are realised and growing
||million (£) IFRS pre-tax profits in H1 2014
||(p) interim dividend in 2014