A Fund managed by Swiss Life Asset Managers UK Limited
A Fund managed by Swiss Life Asset Managers UK Limited
Acquired by PITCH in 2006, this property comprises a high ba... MORE >
Acquired by PITCH in 2006, this property comprises a high bay warehouse extending to 70,429 sq ft. In April 2021, the Fund commenced a £1.1m refurbishment with the aim to deliver a net zero building and improve the value of the asset through a high quality letting.
This refurbishment included:
• 100 kWp roof-mounted solar installation
• Removal of gas and installation of new electric powered heating/cooling system
• Installation of new EV car charging points
• EPC improvement to A from C
Prior to completion of the refurbishment the property was put under offer to a new tenant which is committing to a long lease and at a rent 38% ahead of the previous passing level.
A high quality modern office with strong tenants and good gr... MORE >
A high quality modern office with strong tenants and good growth potential. It comprises a newly developed Grade A office over ground and six upper floors, completed in August 2018. The property provides an excellent specification and level of tenant amenity including:
Wallbrook Court was constructed in 1989 and comprises four l... MORE >
Binsey House comprises 5,300 sqft arranged over ground
and first floors and has been occupied continuously by
a single tenant for over 30 years. Consequently, when
it finally became vacant it was in need of substantial
upgrading as both the M&E and building facilities were
beyond their useful life. The EPC was C67.
We undertook a complete refurbishment including:
• Full strip out to provide open plan offices with new
ceilings which has greatly improved the natural light
and flexibility of the space.
• The old gas central heating system was removed and
replaced with a new efficient HVAC heating and cooling
system incorporating a heat recovery ventilation system.
• New LED lighting was installed throughout with PIR
sensors and WCs and showers were replaced.
• New windows were installed and the thermal insulation
to the roof was upgraded.
As a result of the above, the EPC for the property has
increased to A24. Shortly after refurbishment, a new
letting was agreed to at a significantly enhanced rent.
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The information on this site is issued by Swiss Life Asset Managers UK Limited ("Swiss Life Asset Managers UK"), a company incorporated in England and Wales under number 04846209, authorised and regulated by the Financial Conduct Authority ("FCA") with FRN 229228 and its registered office is at 55 Wells Street, London, W1T 3PT. Swiss Life Asset Managers UK is a member of Swiss Life Asset Managers.
The Property Income Trust for Charities (“PITCH”) is a pooled property vehicle, in the form of a UK exempt unauthorised unit trust, which is managed by Swiss Life Asset Managers UK.
PITCH is not a recognised collective investment scheme for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"). The promotion and the distribution of offering materials in relation to PITCH in the United Kingdom is accordingly restricted by law.
PITCH is categorised by the FCA as a Non-Mainstream Pooled Investment which cannot be marketed to the general public. PITCH is only available to charities who qualify under section 96 or 100 of the Charities Act (2011) or section 25 of the Charities Act (Northern Ireland) 1964 (“Eligible Charity”).
PITCH is not regulated under the UK's financial services regulations and investors will not benefit from the rules and regulations made under the Act for the protection of investors as would apply to authorised schemes, or from the Financial Services Compensation Scheme.
The information on this site is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to subscribe for units in PITCH. The information on this site does not constitute a recommendation or investment advice and should not be relied upon. Should you have any queries about PITCH, you should contact your financial adviser.
The value of investments may go down as well as up, and investors may not get back all or any amount originally invested. Income or other returns from investments are subject to change and may be lower than estimated. Past performance is not a reliable indicator of future performance.
PITCH invests in real property in the UK and uses leverage which means the fund may be subject to higher risk and volatility than other funds and may not be suitable for all Eligible Charity investors. Further, PITCH’s portfolio of assets may lack diversification thereby increasing the risk of loss.
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