Price Data — 1st June 2009
Net Asset Value incl. 5% initial fee: £27.773
Net Asset Value: £26.450
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 on 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: | £842.738m |
Equity: | £194.153m |
Launch Date: | 17 April 1997 |
Annual Management Fee: | 1.5% |
ex - dividend dates: | 31st December & 30th June |
Dividend as at 30/06/2008: | £1.40 per share |
Dealing Day: | Every Wednesday |
The Fund is pleased to announce that during the month it sold a portfolio of 8 properties close to valuation.
The properties included four Iceland stores in Darlington, Leicester, Northampton and Worthing and two hotels; Crabwall Manor, Chester and Kingston Lodge Hotel, Kingston. The final two properties in the portfolio were Longus House, Chester and Denvale Trade Park in Newbury. The portfolio was sold for £32m.
Performance
| Total Return % * |
| Last 12 Months |
|
-59.00% |
|
| Last 2 Years |
|
-65.34% |
|
| Last 3 Years |
|
-60.32% |
|
| Last 4 Years |
|
-54.33% |
|
| Last 5 Years |
|
-50.67% |
|
| Since Launch |
|
-7.37% |
|
| Compound Annual Return |
|
-0.63% |
|
Past performance should not be seen as an indication of future performance.
*Total return: % growth excluding initial charges with income reinvested.
Source: Lipper Hindsight 31/05/2009
|
Property Spread
|
Standard
Retail |
Retail
Warehouse |
Shopping
Centre |
Offices |
Leisure |
Industrial
Warehouse |
Other |
Total |
| London |
0.00% |
3.92% |
0.00% |
5.68% |
0.00% |
0.00% |
0.00% |
9.60% |
| South East |
1.14% |
2.10% |
4.48% |
14.04% |
0.00% |
1.38% |
0.00% |
23.13% |
| South West |
0.00% |
0.00% |
7.11% |
2.58% |
0.00% |
1.58% |
0.29% |
11.56% |
| 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% |
3.65% |
0.44% |
0.79% |
0.00% |
4.88% |
| West Midlands |
0.00% |
4.21% |
7.54% |
9.08% |
0.54% |
5.39% |
0.00% |
26.76% |
| North East |
0.00% |
0.00% |
0.00% |
4.78% |
0.00% |
0.00% |
0.00% |
4.78% |
| North West |
0.00% |
0.00% |
0.00% |
0.27% |
1.24% |
0.76% |
0.00% |
2.26% |
| Yorks & Humb |
0.76% |
0.00% |
0.00% |
1.35% |
0.00% |
1.77% |
0.48% |
4.36% |
| Wales |
0.00% |
0.00% |
3.46% |
0.00% |
0.00% |
0.00% |
0.00% |
3.46% |
| Scotland |
1.51% |
0.00% |
3.03% |
3.54% |
0.00% |
1.12% |
0.00% |
9.20% |
| Total |
3.41% |
10.23% |
25.63% |
44.95% |
2.22% |
12.78% |
0.78% |
100.00% |
To download the latest factsheet click here
The Glanmore Property Fund Capital Raising Circular and Prospectus – May 2009
To view the capital raising Circular for The Glanmore Property Fund, please click here.
To view the capital raising Prospectus for The Glanmore Property Fund, please click here.
Revised Redemption Terms - December 2008
If you would like to download a copy of the Revised Redemption Terms, please click here.
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