Open Fund

UK Property Fund

Offering immediate access to the UK property market through a diversified and income-producing portfolio.

Key facts

Target sector UK commercially-rented investment property
Target return Outperformance of the All Balanced Funds sub-component of the IPD Pooled Property Fund Indices.
Fund structure Jersey Property Unit Trust
Fund term Open-ended (launched 1994)
Currency Sterling
Fund value £202m (c.$248m)
No. of assets 23 direct (1 indirect)
Max gearing Maximum LTV 35% - Actual 11.6% (see-through debt)
Fund Manager David Pearce
Investment strategy

Investment style is geared towards active asset management.

Principal method of investment is through direct acquisition.

Strong focus on protecting the Fund's security of income.

Responsible Property Investment (RPI) strategy

The Fund's RPI focus is on those properties where we have landlord-procured utilities and/or waste management, as this is where we can most actively improve sustainability performance. As well as managing regulatory compliance and related risk, such as preparing for MEES, our sustainability strategy focuses on no or low cost actions and measures, that can deliver a reasonable payback, within the asset business plan.

Further information on TH Real Estate's RPI strategy

Global Real Estate Sustainability Benchmark (GRESB)

The Fund achieved 'Green Star' status for the first time, having achieved its highest rating to date. The Fund beat its peer group average in 5 out of 7 benchmark aspects, notably scoring 91/100 for its overall approach to sustainability management and policy.

Note: Target returns are not guaranteed and past performance is not a guide to future performance.
Source: TH Real Estate, 30 December 2016

 
David Pearce

David Pearce

Fund Manager

David's biography
The Fund offers a well-diversified balanced portfolio and we remain happy with our strategic positions in terms of geography and sector splits. The Fund’s overweight position to the South East and the industrial sector should aid performance relative to the benchmark.
Mark Carpenter

Mark Carpenter

Fund Director

Mark has over 40 years’ experience in the real estate industry. He works closely with a number of fund teams as Fund Director, advising on strategies and managing client relationships.

+442037278126 More about Mark
David Pearce

David Pearce

Fund Manager

As Fund Manager of the UK Property Fund, David is responsible for overseeing all investment, development and asset management activities for the Fund. He has over 10 years of real estate experience.

+442037278254 More about David
Elena Rein

Elena Rein

Client Manager

Elena is a Client Manager for Herald, where her responsibilities include client reporting, responding to fund related investor queries and providing information for audit requests.

+44 (0) 203 727 8193 More about Elena

For further information, please contact:  

Jeroen Winkelman
Managing Director, Advisory Services
T: +442037278124 jeroen.winkelman@threalestate.com

Laura Barstow
Managing Director, Advisory Services
T: +442037278110
laura.barstow@threalestate.com

Michael Klauke-Werner
Managing Director, Advisory Services
T: +4969299571550
michael.klauke@threalestate.com

Dan Greene
Head of Global Consultant Relations, Managing Director, Nuveen
T: +442037278440
dan.greene@nuveen.org

Deborah Ulian
Managing Director, Nuveen (Western North America)
T: +14158823507
deborah.ulian@nuveen.org

Kevin Maxwell
Managing Director, Nuveen (Eastern North America)
T: +12129164812
E: kevin.maxwell@nuveen.org

Andrew Kleinig
Director, Nuveen (Asia-Pacific)
T: +61293683244 andrew.kleinig@nuveen.org