Picton Property Income Limited Annual Report 2022

Strategic Report

Financial Statements

Additional Information

Governance

Portfolio summary

47 Number of assets 4.0% Net initial yield

£849m Value 5.4% Reversionary yield

93% Occupancy

4.7m sq ft Area

Top ten occupiers The largest occupiers, based as a percentage of contracted rent, as at 31 March 2022, are as follows: Occupier Contracted rent (£m)

%

Public sector

2.3 1.6 1.2 1.2 1.2 1.0

5.0 3.6 2.8 2.6 2.6 2.2

Whistl UK Limited

B&Q Plc

The Random House Group Limited

Snorkel Europe Limited

XMA Limited

Portal Chatham LLP

0.9 0.8 0.7 0.7 11.6

2.1 1.7 1.5 1.5

DHL Supply Chain Limited Hi-Speed Services Limited

Canterbury Christ Church University

Total

25.6

Top ten assets The largest assets, as at 31 March 2022, ranked by capital value, represent 55% of the total portfolio valuation and are detailed below:

Acquisition date

Property type

Approximate area (sq ft)

Capital value (£m)

No. of occupiers

Occupancy rate (%)

Assets

Tenure

Parkbury Industrial Estate, Radlett, Herts.

03/2014 Industrial

Freehold Freehold

343,800 454,800 55,100 99,400 19,600 312,900 64,600 70,600

>100

21

100

River Way Industrial Estate, Harlow, Essex 12/2006 Industrial

50-75 30-50 30-50 30-50 30-50 30-50 20-30 20-30 20-30

10 100

Datapoint, Cody Road, London E16 Lyon Business Park, Barking Stanford Building, London WC2

05/2010 Industrial Leasehold

6 8 4

100

09/2013 Industrial

Freehold Freehold Freehold Freehold Freehold

77

05/2010

Office

100 100

Shipton Way, Rushden

07/2014 Industrial

1

Angel Gate, City Road, London EC1 Tower Wharf, Cheese Lane, Bristol 50 Farringdon Road, London EC1

10/2005 08/2017 10/2005

Office Office Office

18

61

6 4 11

90

Leasehold*

31,300

100

Sundon Business Park, Dencora Way, Luton 10/2005 Industrial

Freehold 127,800

91

*Denotes leasehold interest in excess of 950 years.

 Picton Property Income Limited  Annual Report 2022

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