Price Data — 1st March 2010
Net Asset Value: £15.240
Aims & Attributes
- The purpose of the Fund is to provide investors with a professionally managed means of participating in the higher yielding sector (measured by Net Initial Yield) of the UK commercial property market.
- Investment decisions will reflect the long term objective to maximise total return made up of rental income plus capital appreciation.
- The Fund will seek to acquire properties with a comparatively high initial Net Initial Yield as well as providing medium term capital growth.
Fund Information
Fund Manager: | Tilney Asset Management Intl. Ltd |
Property Advisers: | Cardales, Chartered Surveyors |
Fund Size: | £744.084m |
Equity: | £229.210m |
Launch Date: | 17 April 1997 |
Annual Management Fee: | 1.5% |
ex - dividend dates: | 31st December & 30th June |
Dividend as at 31/12/2009: | £0.27 per share |
Dealing Day: | Every Wednesday |
Redemptions: | Restricted since January 2008 and currently postponed for a maximum of 4 years |
During the month, the fund completed the sale of an office building in Croydon. The property was sold for £13.7 million, ahead of its December 2009 valuation.
In addition, a number of other properties have been targeted for sale during the first half of 2010. The strategy is to offer for sale those with short leases in order to avoid the effect of potential void costs.
Performance
| Total Return % * |
| Last 12 Months |
|
-58.19% |
|
| Last 2 Years |
|
-79.75% |
|
| Last 3 Years |
|
-78.80% |
|
| Last 4 Years |
|
-75.58% |
|
| Last 5 Years |
|
-72.26% |
|
| Since Launch |
|
-45.54% |
|
| Compound Annual Return |
|
-4.65% |
|
Past performance should not be seen as an indication of future performance.
*Total return: % growth excluding initial charges with income reinvested.
Source: Lipper Hindsight 31/01/2010
|
Property Spread
|
Standard
Retail |
Retail
Warehouse |
Shopping
Centre |
Offices |
Leisure |
Industrial
Warehouse |
Other |
Total |
| London |
0.00% |
3.77% |
0.00% |
5.97% |
0.00% |
0.00% |
0.00% |
9.74% |
| South East |
1.11% |
2.28% |
4.26% |
11.85% |
0.00% |
1.53% |
0.00% |
21.03% |
| South West |
0.00% |
0.00% |
7.51% |
2.81% |
0.00% |
1.64% |
0.00% |
11.96% |
| East Anglia |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| East Midlands |
0.00% |
0.00% |
0.00% |
4.00% |
0.50% |
0.57% |
0.00% |
5.08% |
| West Midlands |
0.00% |
4.29% |
7.95% |
9.51% |
0.60% |
5.85% |
0.00% |
28.19% |
| North East |
0.00% |
0.00% |
0.00% |
4.17% |
0.00% |
0.00% |
0.00% |
4.17% |
| North West |
0.00% |
0.00% |
0.00% |
0.27% |
1.26% |
0.87% |
0.00% |
2.39% |
| Yorks & Humb |
0.98% |
0.00% |
0.00% |
0.93% |
0.00% |
2.02% |
0.00% |
3.94% |
| Wales |
0.00% |
0.00% |
3.85% |
0.00% |
0.00% |
0.00% |
0.00% |
3.85% |
| Scotland |
1.61% |
0.00% |
3.28% |
3.65% |
0.00% |
1.12% |
0.00% |
9.66% |
| Total |
3.71% |
10.34% |
26.85% |
43.15% |
2.36% |
13.59% |
0.00% |
100.00% |
To download the latest factsheet click here
The Glanmore Property Fund Capital Raising Prospectus – May 2009
To view the capital raising Prospectus for The Glanmore Property Fund, please click here.
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