Expertise
- Experienced, nimble management team;
- Excellent investment track record: c16% p.a. growth in adjusted net assets, including dividends paid since 2006.
Diversified earnings
- From Group Properties and from fund management fees;
- From mix of jurisdictions: UK, Poland and Romania = natural hedge.
Growth
- From letting 1,700m2 of vacant office space in Blue Tower, Warsaw;
- From investing group cash (£3.29m); £7m at 31st October 2025
- Operationally geared – can take on new business without material increases in overheads.
Strength
- Strong balance sheet (net assets £56m, gearing ratio 19% at market value);
- Progressive dividend policy, aligned to the free cash generation of the Group, but subject to it being covered by earnings, targeting a ratio in excess of ≥ 2.5x.