18,500 sq ft
This is the Fund’s flagship retail asset, located in the heart of Covent Garden. It comprises six retail units fronting the busy pedestrianised thoroughfare of James Street, which links Covent Garden Tube station with the Piazza. The retail unit tenants include high-profile covenants such as Mac Cosmetics, Fossil, Michael Kors and the Cambridge Satchel Company.
We are currently converting ancillary offices on the upper floors to residential units and reconfiguring the retail accommodation of one of the units.
147,000 sq ft
The Clarendon Centre is a prime shopping centre in the heart of Oxford, with tenants including Zara, H&M and Gap. For 15 years, the Lothbury Investment Management team has coordinated its ongoing refurbishment and reconfiguration.
H&M opened a purpose-built store over the ground, first and second floors in March 2014. This provided a new focal point for the centre, reinforcing its position as Oxford’s principal fashion offer.
289,500 sq ft
This well-located multi-let industrial park in west London comprises 5 units, and has been in the portfolio since inception.
Our active development team constructed the Tesco Distribution Warehouse on this park in June 2010. This warehouse is almost identical to one that the Fund constructed for Tesco at Priory Park, Maidstone. The 113,000 sq ft warehouse and 3,000 sq ft vehicle maintenance unit were successfully completed on time and to budget.
30,000 sq ft
This property is in the heart of the prime St James’s area, close to Piccadilly and The Ritz Hotel. The property was acquired in 2011 and has recently undergone a full redevelopment, providing a total of 30,000 sq ft of lettable space, including 23,000 sq ft of office space, five residential units and a 4,400 sq ft pub. The project began in Q1 2013, with practical completion occurring in Q4 2015. The pub element was handed over to Spirit Taverns, trading as the The Blue Posts, in January 2015 and the ground and basement floors have recently been let to Portland Gallery. The office element of the scheme began to be marketed in September 2015, and only 7,000 sq ft remains available.
The active development team achieved an “Excellent” BREEAM Sustainability rating for this project, a target driven by the Fund’s commitment to designing and constructing sustainable buildings.
The property was the second best performer in the portfolio for 2014, having delivered a large increase in capital value as the development approached completion.
33,000 sq ft
This Mayfair office building has been in the portfolio since the Fund’s inception, having been constructed by the active development team in 2000. It is let on a total of six leases to TDR Capital and the leading brewer SABMiller, which has its London headquarters here.
67,500 sq ft
This Sainsbury’s food store is located in Islington which is one of London’s most densely populated and wealthiest boroughs.
The property is arranged on a site of 2.54 acres and includes a 130 space surface car park.
Given its central location and large site area, the site has significant development potential which could include a mixed residential and retail scheme.
161,000 sq ft
Blackwater Shopping Park is a freehold retail warehouse park, which the Fund purchased in July 2014. The asset has a prime location, between the A331 and A325, giving easy access to Junction 4 of the M3 motorway and benefits from a large affluent catchment population.
The park was originally developed in 1994 and comprises 11 fully let units. Tenants include Boots, Currys, Next, TK Maxx, Outfit, Halfords, McDonald’s and Costa Coffee. Parking for 609 cars is also provided.
41,500 sq ft
The Fund purchased this property off-market in July 2010, with a view to comprehensively redeveloping the site. The development programme was completed in Q1 2012 and the office is now fully occupied. The building was designed to appeal to the buoyant technology, media and telecommunications sector, and tenants currently include Sony and Moneysupermarket.
Situated just to the north of Oxford Street and within easy reach of Tottenham Court Road underground station, the property is perfectly placed to benefit from the Crossrail project, which is set to open in 2018.
379,500 sq ft
This 65-acre premier business park is immediately adjacent to the A47 on the eastern side of Norwich, giving excellent access to the road network to London, the Midlands and the East Coast ports. It is let on long leases to national organisations with extremely strong covenants, including anchor tenant Aviva.
This asset is an example of our ability to develop a new site, from inception through to occupation. Since acquisition in 2002, we have strategically developed and enhanced the site, to continuously create additional value for the Fund. The facilities now comprise seven high-specification offices, including four buildings with a BREEAM Sustainability Rating of Very Good. A pub restaurant and Costa Drive-Thru have also recently opened on the park.
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56,000 sq ft
This asset is located three miles to the south of Manchester city centre, in the densely populated suburb of Fallowfield, and is on Wilmslow Road, one of the city’s major transport routes. The Fund purchased the asset in 2010. The lease benefits from annual rental uplifts based on RPI growth.
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Lothbury Investment Management Limited is the manager of the Lothbury Property Trust (the “Fund”). Lothbury Property Trust is a sub-fund of the Lothbury Global Institutional Funds, which is regulated by the Central Bank of Ireland. The Fund is an alternative investment fund (“AIF”) 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 AIF. For these purposes, LIM is authorised and regulated in the United Kingdom by the Financial Conduct Authority (or any successor body responsible for the regulation of alternative investment fund managers) (the “FCA”) for the purposes of managing unauthorised AIFs. The Fund is also an unregulated collective investment scheme for the purposes of the United Kingdom Financial Services and Markets Act 2000 (the “Act”).
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