Secondary Property
Related media
2011 Annual Report
(PDF, 4.21MB)
14th July 2011
2010 Annual Report
(PDF, 3.30MB)
3rd June 2009
Quintain believes that judicious investment in the secondary commercial property market will enable the Company to generate above average returns, both for Quintain and its partners. While the market has yet to see a sustained recovery, its high yielding characteristic allows the generation of positive net cash positions. It also provides good opportunities to improve yields through asset management activities.
Quintain has a strong track record in this market and is seeking further opportunities to create new funds and joint ventures. The Company is particularly targeting off-market transactions working with banks and investors to recapitalise portfolios.
SeQuel
SeQuel is a portfolio of 27 properties located across the UK.
| 31 March 2011 | 31 March 2010 | |
|---|---|---|
| Assets under management | £83.7m | £78.9m |
| Capital invested | £37.4m | £36.7m |
| Income generated1 | £9.0m | £5.6m |
| Contribution to profits | £3.1m | £13.4m |
| Average lease length | 5.1 yrs | 4.8 yrs |
1 Fee income plus share of joint venture
Albemarle RP LLP is a secondary retail portfolio comprising 105 units with 95 tenants. Quintain is the largest investor at £10.7m representing a 28% shareholding. We receive a 10% annual paid coupon with a priority return on exit.
