Padlock Partners UK Fund IV

C45.2 million

Committed Investments

5

Self Storage Acquisitions

Investment Highlights

Padlock Partners UK Fund IV completed its initial public offering of trust units on July 12, 2023. Pursuant to the Offering, the Trust issued an aggregate of approximately C45.2 million of trust units offered to the public 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.

Stable Monthly Cash Distributions

The primary objective of the Fund is to generate stable monthly cash distributions for its unitholders and to enhance the value of its assets through active management prior to disposition. The Trust offers across all unit classes an annual, pre-tax distribution target yield of 6%-8% and targets a minimum gross 10%-14% pre-tax, investor internal rate of return upon disposition of the properties.

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, 16:05 ET

PADLOCK PARTNERS UK FUND IV ANNOUNCES DISTRIBUTIONS FOR 1st QUARTER OF CALENDAR YEAR 2024

MAR 22, 2024, 13:21 ET

PADLOCK PARTNERS UK FUND IV COMPLETES ACQUISITION OF SIDCUP PROPERTY

JAN 10, 2024, 16:34 ET

PADLOCK PARTNERS UK FUND IV ANNOUNCES DISTRIBUTIONS FOR 4th QUARTER OF CALENDAR YEAR 2023

AUG 28, 2023, 22:06 ET

PADLOCK PARTNERS UK FUND IV COMPLETES ACQUISITION OF CHIPPENHAM PROPERTY

JUL 27, 2023, 15:44 ET

PADLOCK PARTNERS UK FUND IV COMPLETES ACQUISITION OF NEWBURY PROPERTY

JUL 19, 2023, 17:01 ET

PADLOCK PARTNERS UK FUND IV COMPLETES ACQUISITION OF EDMONTON AND HAVERHILL PROPERTIES

JUL 12, 2023, 16:44 ET

PADLOCK PARTNERS UK FUND IV COMPLETES INITIAL PUBLIC OFFERING AND RAISES APPROXIMATELY C$45.2 MILLION

JUN 26, 2023, 14:15 ET

PADLOCK PARTNERS UK FUND IV FILES FINAL PROSPECTUS AND SETS CLOSING DATE FOR INITIAL PUBLIC OFFERING

MAY 10, 2023, 14:05 ET

PADLOCK PARTNERS UK FUND IV FORMS DEALER SYNDICATE AND FILES AMENDED AND RESTATED PRELIMINARY PROSPECTUS IN RESPECT OF ITS MAXIMUM C$60 MILLION INITIAL PUBLIC OFFERING

MAY 03, 2023, 12:41 ET

PADLOCK PARTNERS UK FUND IV 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.