Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

UK Comm Prop Tst Ltd (UKCM)

  Print      Mail a friend       Annual reports

Monday 20 February, 2012

UK Comm Prop Tst Ltd


RNS Number : 6871X
UK Commercial Property Trust Ltd
20 February 2012

20 February 2012

UK Commercial Property Trust Limited

("UKCPT" or the "Company")

Acquisition of Industrial Park Portfolio from SEGRO for £60.51m

UK Commercial Property Trust Limited, managed by Ignis Asset Management, announces that it has acquired a portfolio of three multi-let principally industrial park assets from SEGRO plc for a total consideration of £60.51m, reflecting a net initial yield of 7.34%.  The three sites provide a combined total floor area of 549,413 sq ft and a total income of £4.67m per annum.

The occupancy rate across all three estates is approximately 98%, with units let to a mix institutional grade tenants including Smiths News Trading, UPS Ltd and Volkswagen Group UK Ltd.  

The average weighted lease length across the portfolio is nine years and one month.

The transaction will be financed primarily through the use of part of the £150m facility agreed with Barclays Bank Plc in May 2011. The acquisition provides UKCPT with greater exposure to multi-let industrial assets, consistent with one of the Company's strategic aims. 

The Company also believes that there is the potential for income and value growth through active asset management.

The portfolio comprises:

§ Emerald Park East, Emersons Green, Bristol - a modern industrial estate developed between 2000 and 2004, located close to Junction 19 of the M4, to the north of Bristol.The estate currently generates income of £1.71m per annum from 235,635 sq ft across 17 units, let to tenants including Knorr Bremse Systems, Sungard Availability Services and Smiths News Trading Ltd.  Average unexpired lease length is four years three months to breaks (eight years six months to expiry).

§ Gatwick Gate Industrial Estate, Crawley - A mid 1980`s industrial estate located on Charlwood Road, to the immediate south of Gatwick Airport. The estate generates income of £1.11m per annum from 144,944 sq ft of space across nine units, let to tenants including Signet Group Ltd and Cooper Callas Ltd.  Average unexpired lease length is five years to expiry and break.

§ Motor Park, Eastern Road, Portsmouth -This group  of car showrooms representing the principal automotive dealership location in the Portsmouth area, offers brands including Mercedes-Benz, Audi, BMW, Volkswagen, Mini, Chrysler and Jeep.  The park generates income of £1.84m per annum from 162,661 sq ft of space across ten units, let to tenants including Volkswagen Group UK Ltd, Pentagon Ltd and Affinion International.  Average unexpired lease length is 12 years two months to break (twelve years nine months to expiry). 


Christopher Hill, Chairman of UKCPT, commented:

"This transaction fits well with our strategy of acquiring good quality assets that, particularly in these uncertain economic times, both complement our existing portfolio and offer strong, defensive income characteristics. This portfolio is also attractive as it offers us the potential to grow value through the application of our disciplined and focussed approach to asset management.

"The new financing facility that we agreed with Barclays last year provides us with comfortable headroom to make acquisitions when we find an attractive opportunity such as this, and we continue to look for transactions to grow and enhance our portfolio further."

UKCPT was represented by GVA and JLL represented SEGRO plc in the transaction.


Robert Boag/Graeme McDonald, Ignis Investment Services Limited

Tel: 0141 222 8000

Stephanie Highett/Richard Sunderland/Will Henderson, FTI Consulting

Tel: 020 7831 3113

This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t