We invest in commercial property and own a portfolio of 52 assets located throughout the United Kingdom.

The portfolio covers the main commercial property sectors of office, industrial, retail, retail warehouse and leisure, and has around 350 occupiers providing a diversified income stream from a wide range of businesses. The majority of this income is paid out to investors in the form of quarterly dividends, after deducting operating and financing costs.

The Group is managed and controlled by its Board which is based in Guernsey. Have a look at our Investment Restrictions for more detail.

 

Picton Business Model

 

Creating a diverse portfolio

Our portfolio is diversified, not only in terms of sector and geographic allocation, but also by income concentration, which reduces the risk profile. Our investment objective enables us to consider opportunities across the UK. We look to invest in assets where we believe we can drive either income or value in the medium term, and remain focused on total returns.

ASSET MANAGEMENT

Our asset management team has a hands-on approach and maintains a direct relationship with our occupiers. Our aim, using our experience and knowledge, is to create space that meets occupier needs, which in turn will help to maintain occupancy. We are continually looking at innovative ways to add value to our assets through refurbishment, higher value uses or the restructuring of leases.

STABLE RECURRING INCOME

We aim to grow income through active asset management of the portfolio and capturing market rental uplifts. The benefits of having a diverse occupier base means that rental income from the property portfolio remains relatively stable and allows us to operate with a covered dividend policy and invest surplus cash flow back into the portfolio.

DEPTH OF EXPERTISE

Alongside our experienced Board, the investment management team has on average more than 12 years’ experience within the commercial property sector and comprises 12 permanent employees with six property professionals, three qualified accountants and three support staff. Our talented team is fully focused on delivering the Group’s strategy.

Enabling us to deliver long-term shareholder value
We believe long term shareholder value is achieved through having a portfolio strategy that provides appropriate sector and geographic allocation. This can be adapted over time, as market conditions dictate and further value is created through the acquisition, asset management and disposal process. Prudent use of gearing, which is managed throughout the property cycle, will enhance the income position and improve net asset value growth.