Summary

• The Kingston Estates Investment Property LP is a commercial property investment fund focused on preserving capital and providing income, with the possibility of capital gains over the life of the fund.
• The fund has been formed to invest in a diversified portfolio of retail, office and light industrial properties located in southeast England, as a counter-cyclical opportunity.
• The fund was closed on 7th September 2009.
• There is a committed debt facility with the Co-Operative Bank, allowing gearing of up to 60% LTV.
• Target IRR of 15% per annum.
• A minimum of 65% of the fund has been invested in commercial properties let to tenants with strong covenants with at least 10 years unexpired on the lease.
• 35% of the fund has been invested in higher yielding properties, with tenants' lease lengths of less than 10 years, with an increased risk profile, where there is more scope to add value through active asset management.
• The fund is fully invested and currently has a geared income return of 11.42% per annum.

Investments To Date