In Q2 2012 DTZ Investors acquired Holford Industrial Estate, a 13 unit distribution estate totalling 526,330 sq ft.

At the point of purchase c. 100,000 sq ft of accommodation was vacant with an average unexpired lease term of under three years across the estate.

Following acquisition we successfully mitigated this void exposure through the sale of a vacant unit, which was achieved at ahead of the purchase price and a lease renewal and 80,000 sq ft extension of an existing 101,000 sq ft unit with one of the estates major occupiers.

The fund also purchased the Matthew Clark unit located within the estate but not previously included within the Fund’s holding.

Past Performance is not a guide to the future. The value of an investment may go down as well as up and future returns are not guaranteed.