Dukemount Capital PLC
The purpose of the Company is to acquire, develop and manage portfolios of properties which may in some cases be sold onto institutional investors on a sale and leaseback basis and which are already backed up by long-term operational tenants at a rent, which where possible, is CPI linked. The required rental profile implies that the target properties will be operating in cash regenerative business such as Housing Associations properties in the Supported Living sector, Independent Retirement Living with Extra Care and Hotels.
The Company will generally seek operational tenants willing to enter into lease terms of at least 25 years which will enable the Company to enter into long-term sale and leaseback arrangements.
The Directors believe that such properties will be attractive to institutional investors who will want long-term leases of appropriate properties provided that they are combined in portfolios of appropriate size to ensure consistent long-term returns and offer minimised risk of tenant insolvency and void periods.