The UK Residential REIT invests in a diversified portfolio of residential property in strong UK rental markets (outside of prime central London). The Company typically invests in day-one income generating blocks of apartments in cities outside of London such as Birmingham, Manchester, Leeds, Nottingham, Newcastle and Sheffield.
The Company aims to deliver a recurring dividend supported by a predictable and growing income stream with scope for capital appreciation through value-add initiatives to improve asset quality.
The Company’s Investment Adviser is L1 Capital UK Property Advisors Limited which is majority owned by the L1 Capital group. L1 Capital is a global investment manager established in 2007 with offices in Melbourne, Sydney, Miami and London and currently has approximately A$3.5b assets under management across a number of investment strategies including long only equities, long short equities, multi-strategy hedge funds and property.