Southampton Road Retail Park, Salisbury

Completed project

After a considered site assembly programme, we have converted an ageing industrial estate, adjacent to our existing prime retail warehouse park in Salisbury, to provide 55,000 sq ft of new retail

After a considered site assembly programme, we have converted an ageing industrial estate, adjacent to our existing prime retail warehouse park in Salisbury, to provide 55,000 sq ft of new retail warehouse space split over four units. We started on-site in Q3 2015 and practical completion occurred in Q2 2016.

In line with low risk strategy for the Fund, pre-lets were exchanged on all four new units, with DFS, Harveys, B&M and Oak Furniture Land joining existing tenants Homebase, Argos, Next and Currys.

38 Clarence Street, Kingston

Completed project

Clarence Street is Kingston’s prime retail thoroughfare. This scheme involved demolishing the existing unit to create a significantly improved proposition, with an additional 3,900 sq ft of retail space and

Clarence Street is Kingston’s prime retail thoroughfare. This scheme involved demolishing the existing unit to create a significantly improved proposition, with an additional 3,900 sq ft of retail space and a £200,000 uplift in rental income, an increase of over 40%.

We completed the scheme in March 2012 and achieved a “Very Good” BREEAM sustainability rating. Our ability to pre-let the unit to a major retail brand, River Island, confirmed the value of the scheme.

55 St. James’s Street, St. James’s, London

Completed project

We have put new equity received by the Fund to exceptional use, developing a freehold property in the heart of St. James’s that is unique in the market. The Fund

We have put new equity received by the Fund to exceptional use, developing a freehold property in the heart of St. James’s that is unique in the market.

The Fund purchased 55 St. James’s Street, London, in February 2011 with the aim of redeveloping the site. It represented a rare chance to obtain a freehold on one of the most valuable office streets in the UK, close to Piccadilly and the Ritz Hotel, and in an area predominantly owned by the Crown Estate. After a period obtaining planning consent, we secured vacant possession in Q4 2012, with demolition commencing in Q1 2013.  Practical completion occurred in Q3 2015.

This 30,000 sq ft asset, which has a BREEAM sustainability rating of “Excellent”, comprises 23,000 sq ft of Grade A offices, five residential units and a pub/restaurant. The scheme’s completion coincided with a lack of available quality office space in the West End and it has become one of the Fund’s top performers.

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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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).

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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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