C36 million
Committed Investments
6
Self Storage Acquisitions
Investment Highlights
Padlock Partners UK Fund I completed its initial public offering on August 20, 2020, issuing an aggregate of approximately C$36.6 million of trust units. The initial offering was issued through a syndicate of agents led by CIBC World Markets, Inc. and which included Richardson GMP Limited, Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd.
Strategy
The Manager established the Fund primarily for the purposes of investing in a diversified portfolio of income producing commercial real estate properties in the UK with a focus on self-storage and mixed-use properties. The Manager believes the self-storage and mixed-use market presents a compelling investment opportunity to acquire commercial properties across the United Kingdom.
Target Markets
- Great Britain
- Major urban markets with +1M populations
- Suburban sub-markets with strong job, economic and population growth
- Strategically located
Target Assets
- Well located warehouse/mixed use conversions
- Existing value add assets
- Existing Class-A facilities
- Ground up development
Active Asset Management
- Complete substantive capital improvements to repurpose large existing warehouse/mixed use sites
- Complete light-value add capital expenditures to interiors/exteriors and amenities to attract rental premiums and increase occupancy
- Increase revenue through rental maximization
- Reduce operating expenses
- Identify ancillary revenue opportunities
The Fund has a 5-year investment horizon, with two one-year extensions available.
BOARD OF TRUSTEES AND AUDIT COMMITTEE:
- Marcus Kurschat
- Dale Williams
- Abbas Osman
PADLOCK EXECUTIVE OFFICERS:
- John Stevenson, Chief Executive Officer
- Matthew Collins, Chief Financial Officer
- Matt Mason, Legal Counsel
UNIT CLASSES
- Class A: Canadian dollar unlisted (commission based)
- Class F: Canadian dollar unlisted (fee based)
- Class U: Pound Sterling unlisted (commission based)
APR 15, 2024, 15:38 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2024
JAN 10, 2024, 16:30 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2023
OCT 13, 2023, 19:30 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 3rd QUARTER OF CALENDAR YEAR 2023
JUL 13, 2023, 19:49 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 2nd QUARTER OF CALENDAR YEAR 2023
APR 14, 2023, 15:13 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2023
MAR 31, 2023, 18:01 ET
Padlock Partners UK Fund I Announces 2022 Year End Results and Business Update
JAN 13, 2023, 17:29 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2022
JUL 14, 2022, 17:00 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 2nd QUARTER OF CALENDAR YEAR 2022
APR 19, 2022, 18:51 ET
Padlock Partners UK Fund I Announces 2021 Year End Results and Business Update
APR 18, 2022, 10:00 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2022
APR 04, 2022, 22:38 ET
PADLOCK PARTNERS UK FUND I COMPLETES DISPOSITION OF NEWMARKET SELF-STORAGE PROPERTY
FEB 07, 2022, 17:48 ET
Padlock Partners UK Fund I Q4 2021 UPDATE
JAN 14, 2022, 17:00 ET
PADLOCK PARTNERS UK FUND I ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2021
OCT 15, 2021, 12:06 ET
Padlock Partners UK Fund I Announces its September 2021 Update
OCT 14, 2021, 16:45 ET
Padlock Partners UK Fund I Announces Distributions for 3rd Quarter of Calendar Year 2021
JUL 15, 2021, 15:00 ET
Padlock Partners UK Fund I Announces Distributions for 2nd Quarter of Calendar Year 2021
APR 15, 2021, 16:30 ET
Padlock Partners UK Fund I Announces Distributions for 1st Quarter of Calendar Year 2021
APR 15, 2021, 16:30 ET
Padlock Partners UK Fund I Announces Closing of UK Debt Financing
JAN 15, 2021, 11:30 ET
Padlock Partners UK Fund I Announces Distributions for 4th Quarter of Calendar Year 2020
OCT 28, 2020, 09:00 ET
Padlock Partners UK Fund I Announces Distributions for 3rd Quarter of Calendar Year 2020
AUG 21, 2020, 11:03 ET
Padlock Partners UK Fund I Completes Acquisition of Initial Properties
JUL 10, 2020, 17:27 ET
Padlock Partners UK Fund I Files Preliminary Prospectus for Initial Public Offering
The Trust is an unincorporated investment trust and was established for the primary purpose of investing in a diversified portfolio of income producing commercial real estate properties in the United Kingdom with a focus on self-storage and mixed-use properties. All public disclosures, material statements and available information are disclosed as required by Canadian securities laws on www.sedar.com.