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- Highcroft reports decent 2014 figures
Highcroft Investments has published results for the year ended 31 December 2014. Over the year the fund’s net asset value rose by 12% to 923p. Gross property rental income rose by 13% to £3.1m, underpinning a 36p distribution to shareholders, up from 33.75p for 2013. The rental income increase was fuelled by the acquisitions they made this year and last and the absence of vacancies in the portfolio (with the one exception of a floor in one building that they later sold).
The new acquisitions in 2014 were of a freehold warehouse property in Ash Vale let to SIG Trading Limited ( they paid £3,297,000 for this in July 2014) and a freehold retail warehouse property in Crawley let to Pets at Home Ltd (cost £2,787,000 in August 2014).
HCFT : Highcroft reports decent 2014 figures