Matches

Omega Logistics Hub is a near-perfect match for LGIM's UK Logistics requirements. The modern 250,000 sq ft distribution facility offers a 5.25% NIY, single-let to Amazon on a 15-year lease with 14.2 years unexpired. The asset ticks every box: prime M1 location, institutional-grade tenant covenant, and strong ESG credentials with solar panels and EV charging. Highly recommended for immediate pursuit.

Omega Logistics Hub is an exceptional match for Aviva's Long Income mandate. The 14.2 year unexpired lease to Amazon with no breaks provides exactly the income security they seek. At 5.25% NIY and £35m, the metrics fall perfectly within their parameters. The modern, ESG-compliant specification should also appeal. Only minor consideration is the single-let exposure, but Amazon's covenant strength more than compensates. Strong buy recommendation.

Meridian Business Park fits Schroders' UK Industrial mandate exceptionally well. The multi-let industrial estate offers income diversification across quality tenants (XPO, Screwfix, DHL, Tool Station) with a blended WAULT of 8.5 years. At £14.5m and 5.8% NIY, it sits comfortably within their parameters. The Sheffield location provides excellent M1 access and strong tenant demand. Recommended for portfolio diversification.

Alpha Tower represents an excellent fit for LGIM's Core UK Office mandate. The 85,000 sq ft Grade A building in Manchester's Spinningfields delivers a 5.75% NIY within the target range, with strong covenant tenants including Deloitte and DLA Piper. The 6.8 year WAULT just meets the 7-year minimum requirement. Minor concerns around the WeWork exposure (26% of passing rent) and approaching break in 2026, but overall a compelling opportunity for the long income portfolio.

Meridian Business Park in Sheffield offers Aberdeen Standard excellent exposure to the regional industrial market. The multi-let structure provides income security through tenant diversification, while the 8.5 year WAULT exceeds their 4-year minimum. At £14.5m the lot size is appropriate for their regional strategy. The 5.8% NIY sits in the middle of their target range. Strong recommendation for the regional core plus portfolio.

Alpha Tower aligns well with M&G's UK Prime Office strategy. The Grade A specification and BREEAM Excellent rating meet their ESG criteria. However, at £42.5m it falls slightly above their typical lot size preference, and the WAULT of 6.8 years is marginally below their 6-year minimum for prime office. The Manchester Spinningfields location and blue-chip tenant base make this worth consideration despite these minor deviations.

Alpha Tower fits CBRE GI's UK Multi-Sector Core strategy well. The Manchester Spinningfields location represents prime UK regional office, and the £42.5m lot size is within range. The 5.75% NIY and 6.8 year WAULT meet their requirements. Key consideration is the tenant mix - while Deloitte and DLA Piper are strong covenants, the WeWork exposure (26% of income) may raise concerns given serviced office sector volatility. Overall a credible opportunity.

The Exchange represents a solid regional office opportunity for Aberdeen Standard. The Leeds city centre location opposite the station offers strong fundamentals, and the £18m lot size fits their regional focus. The 6.5% yield exceeds their target range, reflecting the shorter 4.2 year WAULT. Tenant quality is mixed but includes strong covenants in HSBC and Irwin Mitchell. Worth pursuing for the regional core plus strategy.

The Exchange in Leeds presents a value-add opportunity for Blackstone. At £18m with a 6.5% NIY and 4.2 year WAULT, the asset offers potential for lease re-gearing and rental growth. The upcoming break options (Irwin Mitchell 2024, Regus 2025) create both risk and opportunity. Leeds city centre location benefits from strong office market fundamentals. Asset management play could unlock significant value through tenant retention and rent review negotiations.

Parliament Street Retail presents an opportunistic play for Blackstone in the York retail market. The 7.25% NIY reflects the short 3.8 year WAULT and retail sector risk. However, the prime pitch in a historic tourist city, listed building status, and national tenant base (Costa, Waterstones, Fat Face) provide some resilience. At £4.2m it's below their typical lot size, but could work as part of a portfolio strategy. Approaching break dates require active management.