| Item | Year end 2015 result |
|---|---|
| NAV per share | 86.7p |
| Portfolio value | £1.32bn |
| Capital return (annual) | 4.1% |
UK Commercial Property Trust has posted a 4.5% NAV increase in its annual results for the year ended 31 December 2015.
The company recorded a jump in NAV per share to 86.7p from 83p.
UKCPT’s property portfolio was valued at £1.32bn, reflecting a 4.1% capital return for the year, with increases in all sectors, particularly in offices and industrial property.
The firm acquired £145m of assets including City of London office Eldon House, EC2, as well as undertaking asset management initiatives such as the lease surrender of the ground and basement floors at 6 Arlington Street, SW1, and subsequent re-letting to the Skarstedt Gallery.
Christopher Hill, chairman of UKCPT, said: “UKCPT delivered steady growth in 2015. A significant amount has been achieved in terms of the repositioning of the portfolio in preparation of the next phase of the cycle with the company’s NAV total return outperforming both the FTSE All-Share and gilt indices.
“As we reach the tenth anniversary of UKCPT’s inception, it is worth highlighting that the company has delivered an NAV total return of 57.6%, ahead of both the IPD Benchmark and the FTSE All-Share REIT index.”
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