Governance
Financial Statements
Additional Information
Strategic Report
Investing in our assets to improve sustainability credentials We are committed to improving the environmental performance of our buildings and ensuring these are future-proofed and meet our evolving occupier requirements. Read more on pages 14–15
Our occupier focused approach ensures we engage with our occupiers to create spaces to meet their evolving requirements, help their businesses succeed and maintain high occupancy across the portfolio. We are opportunity led and our business model provides flexibility to adapt to evolving market trends. Alongside our proactive asset management and disciplined approach to capital structure, we have delivered outperformance and a consistently higher income return than the MSCI Quarterly Property Index over the long-term. We are committed to acting responsibly and have a target to become net zero carbon by 2040, which we believe is essential for the benefit of all our stakeholders.
Unlocking value with alternative use strategies Recognising the changing office sector landscape, we have made good progress on repositioning our portfolio to secure more valuable alternative uses at some of our office assets. Read more on pages 10–11
Strategic priority 1 2 3
Strategic priority 1 2 3
Capturing reversionary potential with proactive asset management
With occupational demand remaining positive within the industrial sector, we have been able to capture rental growth. Over the year, we have successfully increased income through our proactive approach to asset management. Read more on pages 12–13
Strategic priority 1 2 3
Picton Property Income Limited / Annual Report 2024
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