Picton Property Income Limited is an award winning, income focused, internally managed investment company, which invests in commercial property across the United Kingdom. The Company was launched in October 2005 as ING UK Real Estate Income Trust Limited. On 1 June 2011 the name of the Company was changed to Picton Property Income Limited and on 1 January 2012 the appointment of Picton Capital Limited as investment manager became effective.
We own a property portfolio consisting of 51 assets invested across the main commercial property sectors: Office, Industrial, Retail, Retail Warehouse and Leisure. The portfolio is predominantly invested in the office and industrial sectors and is biased towards London and the South East. We invest in assets where we believe there are opportunities to enhance either income or value and this is primarily achieved by providing space that meets our occupiers’ requirements.
At 31 December 2017 we have a property portfolio of £674.0 million, with net assets of £477.4 million.
Strength through our structure
Picton property income limited
The Board of Picton Property Income Limited is fully responsible for the direction and control of the Company, including investment policy and strategy.
Picton capital limited
Picton Capital Limited, a wholly owned subsidiary company, is the investment manager to the Group and implements investment policy once determined by the Board. Our investment management team comprises 10 permanent employees and includes five property professionals, three qualified accountants and two further support employees. The team’s entrepreneurial leadership style and complementary set of skills enable them to implement effective investment policies and strategies that drive sustainable long-term growth. The team is led by its Chief Executive, Michael Morris.
One of the benefits of the Company’s structure is that management costs are not linked to the size of the Company, which is unlike most traditional investment companies. This means that, with growth, the Company benefits from increasing economies of scale, which in turn enhance returns for investors.