Lothbury Completes New Retail Park In Salisbury

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Lothbury Investment Management (LIM), on behalf of Lothbury Property Trust (LPT), has completed the construction of four new retail units in Salisbury. The extension of an existing asset has created 55,000 sq ft of new retail warehouse space, all of which was pre-let and has recently opened for trade.

Formerly known as Dolphin Industrial Estate, the site was identified by the LIM team as an opportunity to add value through development and ownership of the eight industrial units, adjacent to the existing retail park held by LPT, was built up over time. The LIM Active team secured planning for the new scheme which would allow for a comprehensive demolition and reconfiguration of the industrial site and the creation of a new pedestrianised area linking the existing retail park with the newly developed retail units.

The development creates a new £14m long term investment holding following pre-lets to DFS, Harveys, B&M and Oak Furniture Land. The scheme achieved Practical Completion in June, slightly ahead of schedule, with all stores opening for trade in late August.

Adam Smith, Senior Fund Manager and Executive Director at Lothbury Investment Management, said: “This has become the dominant retail park in Southampton Road. The existing units are let to retailers that include Argos, Next, Homebase and Currys PC World and, with such a broad range of retailers, this has become a destination retail park for shoppers, as well as creating new jobs in the area.

“As part of Lothbury’s active portfolio, this is a long term holding with excellent potential for rental and value growth. The new development and existing retail units create an asset worth in excess of £30m for the fund.”

Lothbury Property Trust consists of a combination of core assets comprising prime, well-located, properties secured on strong covenants, generally on long leases, across a variety of commercial sectors, and with very low vacancy rates, complemented by an active portfolio running alongside it.

Southampton Road Retail Park is a part of the Fund’s active portfolio, which is managed wholly by their own in-house team, generating additional value for investors in Lothbury Property Trust through the reconfiguration and refurbishment of existing core assets and the development of new sites. This strategy contributes to the Fund delivering above average returns to investors.

Important notice


This is the website of Lothbury Investment Management Limited of 155 Bishopsgate, London EC2M 3TQ, United Kingdom, a company registered in England with registered number 04185370. Lothbury Investment Management Limited (or “LIM”) is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

Lothbury Investment Management Limited is the manager of the Lothbury Property Trust ("LPT") and the Lothbury Global Feeder LP ("LGF") (together, the “Funds”). LPT is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. LGF was established as a limited partnership in Jersey under the Limited Partnerships (Jersey) Law 1994 through the filing of a declaration of limited partnership. The Funds are alternative investment funds (“AIFs”) for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (the “Directive”). LIM has been appointed and acts as alternative investment fund manager (“AIFM”) in respect of the AIFs. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority for the purposes of managing unauthorised AIFs (and for various other activities). The Funds are also unregulated collective investment schemes for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).

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Certain jurisdictions may restrict by law access by their residents or nationals to the information on this website. The contents of this website are not intended to be accessed by, distributed to or used by residents or nationals of such jurisdictions. It is the responsibility of any person accessing this website to satisfy itself that its use of the website complies with the laws of any relevant jurisdiction. Under United Kingdom legislation, the promotion of units in the Funds by LIM is restricted by section 238 of the Act. The promotion of units by the Funds themselves or, in the case of LPT, by its trustees in the UK is restricted by section 21 of the Act. Accordingly, the information on this part of the website is directed only at and should only be acted on by:

  1. persons who are outside the UK;
  2. investment professionals within the meaning of Article 14(5) of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (the “CIS Exemptions Order”) and Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”), which includes persons whose ordinary activities involve him in participating in unregulated schemes for the purposes of a business carried on by him; and/or
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Purpose

The purpose of this website is to provide general information about Lothbury Investment Management Limited and the Funds. The Funds and Lothbury Global Feeder Limited but not any investors in these entities are clients of Lothbury Investment Management Limited. Nothing on this website is investment, tax or legal advice, nor is anything on this website a placement or offering to buy or sell units or any other investment. Tax treatment depends on individual circumstances and may be subject to change in the future. You should take your own independent investment, tax and legal advice as you think fit.

Please be aware that ultimately interests in the Funds may only be acquired by professional investors. A professional investor, for the purposes of LGF, is every investor that is considered, or may be treated, based on a request to LIM (as the AIFM), as a professional client or an eligible counterparty as those terms are used in exemption 7 of COB 4.12.4 of the Handbook of rules and guidance issued by the Financial Conduct Authority of the United Kingdom. A professional investor, for these purposes of LPT, is every investor that is considered, or may be treated based on a request to LIM (as the AIFM), as a professional client within the meaning of Annex II of the Markets in Financial Instruments Directive (2011/61/EC).

Subject to applicable law and satisfaction of any relevant notification or other requirement the Funds may be marketed (within the meaning of the Directive) within certain jurisdictions in the European Economic Area ("EEA"). Potential investors can request details of such jurisdictions from LIM. LGF is intended for persons who are not established or resident in the United Kingdom.

The information contained in this section does not constitute an offer or solicitation to any person or entity which is United Kingdom Resident for tax and investment purposes, to buy or sell shares or any other security whatsoever in other jurisdictions where it would be unlawful to do so, including but not limited to, Ireland and the United States of America.

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