LEISURE FUND

CONTACT DETAILS

Name:
Michael Barrie
Position:
Fund Director
Phone:
+44 20 3124 2742
Email:
michael.barrie@lgim.co.uk

For further details download our fund update sheet:   

 

Q1 2010 Leisure Fund Update

 

 

 

The Leisure Fund was launched in 2002 and is a specialist leisure park fund. The Fund holds 7 prime Leisure assets around the UK, which are a mix of dominant out of town and edge of town leisure schemes.

 

The schemes incorporate a vibrant mix of family entertainment including cinema and bowling and with an additional fast casual dining experience.

 

  • The Leisure Fund is valued at £219m (as at end March 2010)
  • The Fund's objective is to outperform the IPD All Leisure Index

Key features

  • Strong risk adjusted returns from the Leisure sector
  • Secure income stream generated by low risk tenants on long leases (18 years on average)
  • 45% of the Fund’s income is subject to minimum fixed uplifts
  • Strong levels of occupational activity drive rental growth

 

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.