Strategy

The Company’s investment strategy is focused on acquiring properties in established commercial locations which offer the potential for income and capital growth. In particular we invest in:

real estate which demonstrates the potential for high and sustainable yields and occupancy rates.
properties where value can be created through active asset management without relying on yield compression or rental growth.

In particular, there will be a focus on vacancy levels, covenant strength and the potential to re-let the property. This may include re-letting risk, some refurbishment or development or other active management.

Why industrial property?

Kenmore has particular skills and expertise in this sector.
There are higher net yields on industrial assets allow for greater arbitrage with the cost of financing.
Both currency and interest risks are hedged appropriately.

Our strategy is to create critical mass through acquiring individual assets in geographic proximity to one another and to identify areas where growth is anticipated but is not yet reflected in the prices of the relevant properties.

The additional capital raised in the issue is also likely to increase Kenmore’s market presence allowing more opportunities for off-market deals where higher yields can be achieved, so offering the potential for increased returns to shareholders.