INDUSTRIAL PROPERTY INVESTMENT FUND

CONTACT DETAILS

Name:
Jonathan Holland
Position:
Senior Fund Manager
Phone:
+44 20 3124 2750
Email:
jonathan.holland@lgim.co.uk
  • For further details download our fund update sheet:   

 

Q1 2010 IPIF Update

 

The Industrial Property Investment Fund (IPIF) was launched in 1997 and was one of the first specialist funds to be created in the market.

The £728m Fund (as at end March 2010) is a specialist industrial fund operating on a large scale. It has over 13.6 million sq ft of space let to almost 1,600 tenants on 111 estates (as at end December 2009). The Fund is highly management intensive. Much of its success lies in the efficient management of a large number of tenant relationships and the continuing programme of new lettings, lease renewals and rent reviews.

Investments

The Fund invests in primarily good quality, higher yielding, predominantly multi-let, management intensive industrial estates, although it does own a number of Distribution Warehouses.

 

The Fund also has a carefully managed programme of speculative developments. Previously, these have included the development of over 313,000 sqft of space in 36 units in Welwyn, Basildon and Rochester. The Fund is biased towards London and the South East, with circa 60%, by value, of its holdings are in these regions.

 

The Fund has outperformed its IPD Benchmark, the IPD Annual Industrial Index on a 1, 3, 5 and 10 year basis.

 

 

Important Information

Information regarding the Fund should not be regarded as constituting an offer to invest.

When available to external investors, Investment in the Fund can only be made in accordance with the terms and conditions of the Fund prospectus.

The Fund is an unregulated collective investment scheme for the purposes of the UK Financial Services and Markets Act. This means there are restrictions on its promotion and information regarding the Fund is therefore intended only for those to whom the Fund can be promoted under the Act.