Market Capitalisation £510.37M

Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.

Industrial

Key metrics as at 31 march 2019

  2019 2018
Value £312.8 million £281.9 million
Internal Area 2,731,000 sq ft 2,731,000 sq ft
Passing Rent £16.0 million £15.6 million
Estimated Rental Value £18.7 million £18.0 million
Occupancy 98.0% 99.3%
Number of Assets 17 17

Portfolio as at 31 march 2019

Property Area (sq ft) Freehold/ Leasehold
River Way Industrial Estate, River Way, Harlow 454,800 Freehold
Parkbury Industrial Estate, Handley Page Way, Radlett 336,700 Freehold
Grantham Book Services, Trent Road, Grantham 336,100 Leasehold
Belkin Unit, 3 Shipton Way, Rushden, Northants. 312,900 Leasehold
Vigo 250, Birtley Road, Washington, Tyne and Wear 246,800 Freehold
Unit 3220 Magna Park, Coventry Road, Lutterworth 160,900 Leasehold
Units 1 & 2, Kettlestring Lane, York 157,800 Freehold
Sundon Business Park, Dencora Way, Luton 127,800 Leasehold
Premier Foods Unit, Haynes Way, Rugby 101,800 Freehold
The Business Centre, Molly Millars Lane, Wokingham 100,800 Freehold
Lyon Business Park, River Road, Barking 99,400 Freehold
Easter Court, Europa Boulevard, Warrington 81,500 Freehold
Abbey Business Park, Mill Road, Newtownabbey 61,700 Freehold
Datapoint, Cody Road, London 54,900 Leasehold
Nonsuch Industrial Estate, 1-25 Kiln Lane, Epsom, Surrey 41,700 Leasehold
Unit 1 & 2, Downmill Road, Western Industrial Estate, Bracknell 41,200 Freehold
Magnet Trade Centre, Winnersh, Reading 13,700 Freehold

Largest occupiers as at 31 march 2019

Occupier   % of total
portfolio
Belkin Limited 4.2
DHL Supply Chain Limited 3.7
penguin random house logo The Random House Group Limited 2.9
Snorkel Europe Limited 2.8
XMA Limited 1.7

Occupier focused, Opportunity led