Established in February 2010 on behalf of three pension fund clients of Stamford Associates Limited to invest in commercial property in the United Kingdom, subject to the following criteria:
The fund is ungeared but gearing may be introduced subject to unanimous Board approval.
Update at 30 September 2011:
|
Total cash commitment |
£106m |
|
Fprop co-investment commitment |
£1m |
|
Equity invested |
£92m |
|
Net Initial Yield (NIY)* |
7.3% |
|
Total Expense Ratio (TER)** |
0.85% |
|
Un-geared Annualised ROE |
6.5% |
|
Dividend Yield |
6.4% |
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* At standard costs
** Calculated from 1 April 2011 to 31 March 2012 using a combination of actual and forecast figures.