Ground Rents Income Fund

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Investment Objective

The Company will seek to generate consistent income returns for shareholders by investing in a diversified portfolio of long-dated ground rents.

Investment Manager

Schroder Real Estate Investment Management was appointed as the Alternative Investment Fund Manager (‘AIFM’) to Ground Rents Income Fund plc (‘GRIO’ or 'the Company') on 13 May 2019. As part of the appointment, the GRIO management team of seven residential specialists joined Schroders, led by James Agar, as Fund Manager.

James Agar

Head of Residential Investment

James joined Schroder Real Estate in May 2019 as Fund Manager of GRIO and Head of Residential Investment from Brooks Macdonald where he was Head of Specialist Funds. James has managed GRIO since launch in 2012. Prior to Brooks Macdonald, he worked at Barclays and Singer & Friedlander, focused on specialist real estate funding since 2004. James is an associate member of the Royal Institution of Chartered Surveyors.

Chris Leek

Deputy Fund Manager

Chris is Deputy Fund Manager of GRIO and Fund Manager of the Halifax Managed Income Fund. He joined Schroders in May 2019 from Brooks Macdonald where he was an Assistant Fund Manager. Previously Chris worked at M&G, focused on UK equity income mandates, and Fleming Family & Partners. He started his investment management career in 2008 and holds a BSc (Hons) in Economics from University College London and a MA in International Political Economy from the University of Sheffield.

Investment Committee

The Investment Committee is responsible for ensuring that the Company's portfolio is managed in accordance with its investment objective and policy. It approves the Company’s strategy and transactions. The Investment Committee has significant experience in investing across the UK and Continental Europe, so a broad context can be applied and a consistent and disciplined investment approach is implemented across all Schroder Real Estate funds.

Sophie van Oosterom (Chairman)

Global Head of Real Estate

Mark Callender

Head of Real Estate Research

Laurent Dubois

Head of France - Investment

Jonathan Harris

Head of Business Development and Strategy, Real Estate

Roger Hennig

Head of Switzerland and Nordic Real Estate

Melinda Knatchbull

Chief Operating Officer

Nick Montgomery

Head of UK Investment

Andrew Moore

Head of Schroder Pamfleet

Artus Pourroy

Head of Germany - Investment

Information for leaseholders

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Investment Policy

The investment policy of the Company is to hold a diversified portfolio of ground rents, including freeholds and head leases of residential, retail and commercial properties located in the United Kingdom.

What are the risks?

The Company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the fund, both up and down, which may adversely impact the performance of the fund.
The Company may borrow money to invest in further investments, this is known as gearing. Gearing will increase returns if the value of the assets purchased increases in value by more than the cost of borrowing, or reduces the returns if they fail to do so.
As a result of fees being charged to capital, the distributable income of the fund may be higher but there is the potential that performance or capital value may be eroded.
The Government has been considering reform to the residential leasehold sector since 2017, the timescale and outcome of which is uncertain and could adversely impact the value of the Company’s portfolio.

Latest insights

Learn more about our approach to managing investment trusts and access the latest ideas and opinions from our investment teams.

Contact Schroders

Schroders is a world-class asset manager operating from 37 locations across Europe, the Americas, Asia, the Middle East and Africa.

Worldwide locations

For any further questions, please contact us.

Please remember that the value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.

Marketing material.

Issued by Schroder Unit Trusts Limited, 1 London Wall Place, London EC2Y 5AU. Registered Number 4191730 England.

Schroder Unit Trusts Limited is an authorised corporate director, authorised unit trust manager and an ISA plan manager, and is authorised and regulated by the Financial Conduct Authority.

On 17 September 2018 our remaining dual priced funds converted to single pricing and a list of the funds affected can be found in our Changes to Funds. To view historic dual prices from the launch date to 14 September 2018 click on Historic prices.

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