Market Capitalisation £457.97M

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 2018

  2018 2017
Value £245.5 million £213.9 million
Internal Area 928,000 sq ft 925,000 sq ft
Annual Rental Income £15.0 million £13.8 million
Estimated Rental Value £19.1 million £17.6 million
Occupancy 91.9% 87.5%
Number of Assets 17 19

Portfolio as at 31 march 2018

Property Area (sq ft) Freehold/ Leasehold
Colchester Business Park, The Crescent, Colchester, Essex 150,700 Leasehold
180 West George Street, Glasgow 92,340 Freehold
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
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 2018

Occupier   % of total
portfolio
gov.uk Public Sector 2.5
Vanquis Portal Chatham Portal Chatham LLP 2.0
Ricoh Ricoh UK Limited 1.4
canterbury christ church logo Canterbury Christ Church University 1.4
BPP BPP Holdings Limited 1.2

Occupier focused, Opportunity led