Competitive Strengths

An experienced management team

The Kenmore Group management team has a proven track record of generating substantial returns from real estate investments across multiple geographic regions.

Established local relationships

The Kenmore Group has existing relationships with reputable local property management companies within the main markets in which it operates. Such relationships provide access to potential acquisitions and facilitate the execution of transactions and management. Outside the UK, the Group currently has offices in France, Sweden, Finland, Germany, Belgium and Dubai.

An attractive initial ‘seed’ portfolio

The Directors believe that the real estate assets comprising the initial property portfolio were very attractive in terms of the quality of future dividend streams and capital growth opportunities.

Alignment of interests of Shareholders and Investment Manager

The Kenmore Group owns shares representing 7.5% of the issued share capital of KEIF. Uberior Europe Ltd. (a member of the HBOS Group) also owns 5.0% of the issued share capital of KEIF.

By virtue of such Kenmore Group holding and with part of the Investment Manager’s performance fee to be paid by the company issuing shares to it, the company believes that there should be a strong alignment of economic interests between the Kenmore Group and the Shareholders.