C36 million
Committed Investments
4
Self Storage Acquisitions
Investment Highlights
Padlock Partners UK Fund II completed its initial public offering on June 8, 2021, issuing an aggregate of approximately C$33.8 million of trust units. The initial offering was issued through a syndicate of agents led by CIBC World Markets, Inc. and which included Richardson Wealth Limited, Wellington-Altus Private Wealth Inc., 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, 15:58 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2024
JAN 10, 2024, 16:31 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2023
OCT 13, 2023, 19:33 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 3rd QUARTER OF CALENDAR YEAR 2023
JUL 13, 2023, 19:52 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 2nd QUARTER OF CALENDAR YEAR 2023
APR 14, 2023, 15:15 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2023
MAR 31, 2023, 18:02 ET
Padlock Partners UK Fund II Announces 2022 Year End Results and Business Update
JAN 13, 2023, 17:39 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2022
SEP 01, 2022, 20:50 ET
PADLOCK PARTNERS UK FUND II COMPLETES ACQUISITION OF HOUGHTON REGIS PROPERTY
JUL 14, 2022, 17:00 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 2nd QUARTER OF CALENDAR YEAR 2022
JUN 07, 2022, 23:08 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES CLOSING OF UK DEBT FINANCING
APR 25, 2022, 20:21 ET
Padlock Partners UK Fund II Announces December 31, 2021 Results and Business Update
APR 18, 2022, 10:00 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2022
APR 04, 2022, 22:40 ET
PADLOCK PARTNERS UK FUND II COMPLETES ACQUISITION OF NEWMARKET SELF-STORAGE PROPERTY
FEB 07, 2022, 18:49 ET
Padlock Partners UK Fund II Q4 2021 UPDATE
JAN 14, 2022, 17:22 ET
PADLOCK PARTNERS UK FUND II ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2021
OCT 15, 2021, 12:37 ET
Padlock Partners UK Fund II Announces Its September 2021 Update
OCT 14, 2021, 16:46 ET
Padlock Partners UK Fund II Announces Distributions for 3rd Quarter of Calendar Year 2021
JUL 15, 2021, 15:30 ET
Padlock Partners UK Fund II Announces Distributions for 2nd Quarter of Calendar Year 2021
JUN 25, 2021, 16:36 ET
Padlock Partners UK Fund II Completes Acquisition of Brentwood Development Property
JUN 10, 2021, 12:45 ET
Padlock Partners UK Fund II Completes Acquisition of Huntingdon Self-Storage Property
APR 20, 2021, 11:22 ET
Padlock Partners UK Fund II 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.