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ARLINGTON BUSINESS PARKS PARTNERSHIP

CONTACT DETAILS

Name:
Nigel Fuller
Position:
Associate Director
Phone:
+44 20 3124 2719
Email:
nigel.fuller@lgim.co.uk
 
Name: Chris Pearse
 
Position: Fund Manager
 
Phone: +44 20 3124 2721
 
Email:
chris.pearse@lgim.co.uk
 

The Arlington Business Parks Partnership (ABPP) was launched by Legal & General Property and Goodman in 2003.

 

It  is a specialist Fund investing in, developing and managing business parks across the UK with good accessibility to large metropolitan areas.

Key features

  • ABPP is valued at £1.5bn (as at end June 2008).
  • It is the leading fund in its sector
  • The fund consists of twenty business parks located in key regional office markets in the UK, but with an emphasis on the south east of England, where future growth is expected to be stronger
  • Sector is expected to generate strong future performance
  • Modern, well let portfolio - long unexpired term of 12.5 years
  • Large development pipeline to enhance returns
  • The Fund objective is to outperform IPD Urban Office Index (excluding Central London and Greater London) by 1%pa on a rolling 3 year basis

 

The assets

The Fund's assets are characterised by modern, high specification office buildings developed by the Fund. These are located within a managed environment with a full range of occupier services. 70% of the tenant rental income is secured on leases with more than 10 years unexpired and 20% over 15 years (as at end June 2008). In addition to the tenanted portfolio the Fund holds a large consented land bank accounting for about 13% of its total value. This is gradually being developed - both on a speculative and pre-let basis. In all the Fund has a speculative development programme totalling some 767,000 sq ft and the capacity for a further 7.3 million sq ft of development. 

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.