Market Capitalisation £468.20M

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.

Office

Key metrics as at 31 march 2019

  2019 2018
Value £235.0 million £245.5 million
Internal Area 856,000 sq ft 928,000 sq ft
Passing Rent £14.2 million £15.0 million
Estimated Rental Value £18.1 million £19.1 million
Occupancy 88% 92%
Number of Assets 15 17

Portfolio as at 31 march 2019

Property Area (sq ft) Freehold/ Leasehold
Colchester Business Park, The Crescent, Colchester, Essex 150,700 Leasehold
30 & 50 Pembroke Court, Chatham 86,300 Leasehold
Longcross Court, Newport Road, Cardiff 72,100 Freehold
Metro, Salford Quays, Manchester 71,000 Freehold
Tower Wharf, Cheese Lane, Bristol 70,800 Freehold
Angel Gate, City Road, London 64,500 Freehold
401 Grafton Gate East, Milton Keynes 57,100 Freehold
180 West George Street, Glasgow 52,100 Freehold
Queens House, St Vincent Place, Glasgow 49,400 Freehold
Citylink, Addiscombe Road, Croydon 48,200 Freehold
Sentinel House, Harvest Crescent, Fleet 33,500 Freehold
50 Farringdon Road, London 31,000 Leasehold
Atlas House, Third Avenue, Marlow 25,400 Freehold
Waterside House, Kirkstall Road, Leeds 25,200 Freehold
Trident House, Victoria Street, St Albans 19,000 Freehold

Largest occupiers as at 31 march 2019

Occupier   % of total
portfolio
gov.uk Public Sector 2.9
Vanquis Portal Chatham Portal Chatham LLP 2.2
canterbury christ church logo Canterbury Christ Church University 1.5

Volker Wessels UK Limited

1.5
BPP BPP Holdings Limited 1.3

Occupier focused, Opportunity led