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