Summary

Investment Objective

The Company was incorporated in the Isle of Man on 10 June 2002 as a closed ended investment company. The Company was formed primarily for investment in UK commercial property. The objective of the Company is to seek to improve income, reduce debt and provide the prospect of long term capital growth.

Management

The Company’s Investment Manager is Alpha Real Capital LLP (“the Investment Manager”). Control of the Company rests with the non-executive Isle of Man based Board of Directors.

Strategy

The three year business plan is focused on:

• Increasing property income by continuing to reduce vacant units and improving rental values;
• Maintaining and improving the portfolio with selected added-value capital expenditure where it would facilitate the rental of a vacant unit, improve the rental value of a unit or improve the valuation of a let unit;
• Selective divesting of non-core assets; and
• Amortising the Company’s loan facilities where possible in order to improve LTV position of the fund.

Listing

The Company’s shares are traded on the London Stock Exchange.