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 the UK, 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.

Requirements

• A minimum of 65% of the fund will be invested in commercial properties let to tenants with strong covenants with at least 10 years unexpired on the lease.
• Subject to timing in the cycle, up to 35% of the fund may be 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 will invest in properties in southeast England.

Investments To Date