Figures for inclusion in the Q2 2016 Property Fund Vision: Jan00 All data and information you supply will be, to the best of your abilities, true, accurate and complete. By completing and returning this form you agree that we may make the data available in a disanonymised and disaggregated form specifically as part of any of our public fund information services which include the Property Fund Vision Handbook, Property Fund Vision Analytics, Property Fund Directory and any other public information services that we may provide from time to time. Further, you confirm that you have the right to disclose this data and personal information as defined by the Data Protection Act 1998. IPD accepts no liability for losses, damages, costs or expenses suffered by any person as a result of any errors in the data you provide to us and/or reliance on the information contained within this form.
POOLED PROPERTY QUESTIONNAIRE Spt. 2016) Information provided as at Contact name Contact phone number SECTION 1: CORE FUND DETAILS 1.1 FUND NAME, TYPE ETC Name of fund / Number of fund Type of fund Domicile Benchmark Click Click #N/A to view guiance notes to include additional information PLEASE NOTE: When completing the Questionnaire: All values should be entered in millions of pounds (with no signs) All percentages should be entered as numbers i.e. 5.1 not 5.1% (no % signs) 1.2 FUND ASSETS AND LIABILITIES m Directly held Joint holdings Indirect invest's* Listed prop invest's Total m Fund's proportionate share of: Properties at valuation 0.000 Listed property investments 0.000 Debt (Include as negative no.) 0.000 Cash 0.000 Other net assets (liabilities) 0.000 Total net assets ( m) 0.000 0.000 0.000 0.000 0.000 * Including synthetics/property derivatives 1.3 CASH DETAILS Cash allocated to contracted investments Cash allocated to contracted development commitments Total authorised development commitment SECTION 2: PORTFOLIO STRUCTURE Values m 2.1 TOTAL SECTOR AND REGIONAL EXPOSURE % of Total Property Assets (including synthetics/derivatives) of ( m) 0.000 The geographic areas shown are the Standard retail Retail warehouses Shopping centres Offices Industrial Other Total (%) standard IPD regions. City 0.000 West End 0.000 Click here to view definitions Midtown 0.000 Rest of London 0.000 South East 0.000 South West 0.000 Eastern 0.000 West Midlands 0.000 East Midlands 0.000 North West 0.000 Yorkshire & Humberside 0.000 North East 0.000 Wales 0.000 Scotland 0.000 Northern Ireland 0.000 Channel Islands / Isle of Man 0.000 Overseas 0.000 Incomplete : Total Exposure should be 100% Total (%) 0.000 0.000 0.000 0.000 0.000 0.000 0.000 2.2 TOTAL DIRECT SECTOR AND REGIONAL EXPOSURE % of Direct Property Assets of ( m) 0.000 The geographic areas shown are the Standard retail Retail warehouses Shopping centres Offices Industrial Other Total (%) standard IPD regions. City 0.000 West End 0.000 Click here to view definitions Midtown 0.000 Rest of London 0.000 South East 0.000 South West 0.000 Eastern 0.000 West Midlands 0.000 East Midlands 0.000 North West 0.000 Yorkshire & Humberside 0.000 North East 0.000 Wales 0.000 Scotland 0.000 Northern Ireland 0.000 Channel Islands / Isle of Man 0.000 Overseas 0.000 Incomplete : Total Exposure should be 100% Total (%) 0.000 0.000 0.000 0.000 0.000 0.000 0.000
SECTION 3: PORTFOLIO CHARACTERISTICS 3.1 YIELD & VOID PROFILE % Net initial yield Nominal equivalent yield True equivalent yield Net reversionary yield Void rate, including developments in progress (as % of total net ERV) 0.000 Please enter as a number. ie) 8% as 8 & not.08. (no % signs) Void rate excluding developments in progress (as % of total net ERV) 0.000 * Where lot size are provided as a range, please make sure this is within 10% either side of the value 3.2 LARGEST 10 DIRECTLY HELD PROPERTIES Property (direct investments, including joint holdings of 50% or more) Sector Town Lot size ( m) * 1 Larkland House Care Centre 2 The Point 3 Cross Point 4 Ten Pin Bowling, Redfield Way 5 Regeneration House 6 The Cooperative 7 White Hart 8 The Hare & Hounds 9 New Pear Tree Inn 10 Tickled Trout 3.3 JOINT AND INDIRECT PROPERTY HOLDINGS (INCLUDING SYNTHETICS/PROPERTY DERIVATIVES, BUT EXCLDING LISTED INVESTMENTS) Holdings (For derivatives, please explain the nature of the derivative (including the rate paid above LIBOR), the accounting treatment of the derivative (stating the relevant accounting convention and how Fund's proportionate share of Other net assets/(liabilitie s) ( m) Net asset value m* frequently it is revalued) either below or in th Sector Joint or indirect holding Type (OEPUT, LP, Derivative, etc) Ownership (%) Property assets ( m) Debt ( m) (Enter as negative no) Cash ( m) 1 0.000 2 0.000 3 0.000 4 0.000 5 0.000 6 0.000 7 0.000 8 0.000 9 0.000 10 0.000 11 0.000 12 0.000 13 0.000 14 0.000 15 0.000 16 0.000 17 0.000 18 0.000 19 0.000 20 0.000 Total: 0.00 0.00 0.00 0.00 0.000 3.4 LISTED PROPERTY EQUITY/CONVERTIBLE INVESTMENTS * The total value here should be the same as the sum of E22 & F22 in Section 1.2, ie: 0.00 Company % of issue held Market value ( m) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Market Value of all other listed property equity/conv investments not listed above Total: 0.000 Total number of listed property equity/conv investments including those reflected in cell H137: 0 Please provide the total number of listed property equity/conv investments in cell H140
3.5 PURCHASES IN THE PAST THREE MONTHS Net purchase price Date acquired Asset Sector Location (if applicable) Holding type ( m) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Total: 0.000 Part purchase (Yes/No) 3.6 DISPOSALS IN THE PAST THREE MONTHS Net sale price Date sold Asset Sector Location (if applicable) ( m) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Total: 0.000 Part disposal (Yes/No) Gross sale price vs valuation prior to sale 3.7 DIRECTLY HELD PROPERTIES: LOT SIZE BANDS & EQUAL EQUIVALENT MEASURE m 0 2.5 2.5 5 5 10 10 25 25 50 50 100 100 150 Over 150 Total* Equal Weighted Equivalent Number of directly owned properties 0 Total value 0.000 * The total value here should be the same as the sum of D17 in Section 1.2, ie: 0.000 3.8 RENTAL INFORMATION (IN RESPECT OF DIRECTLY HELD PROPERTY, INCLUDING JOINT INTERESTS OF 50% OR MORE) Prelets/rent free Investment void Gross reversionary m Rent passing Top slice income periods Development void ERV ERV Total void ERV Total ERV potential Standard retail 0.000 0.000 0.000 Retail warehouses 0.000 0.000 0.000 0.000 Shopping centres 0.000 0.000 0.000 0.000 Central London offices 0.000 0.000 0.000 0.000 Other offices 0.000 0.000 0.000 Industrial 0.000 0.000 0.000 0.000 Other 0.000 0.000 0.000 Total 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
3.9 TEN LARGEST TENANTS (IN DIRECTLY HELD PROPERTIES ONLY) 3.10 BOOK VALUE OF DEVELOPMENTS ( INCLUDING JOINT INTERESTS OF 50% OR MORE) Further cost to complete Tenant % of rents passing (see below, right) m Schemes not yet started ( m) Schemes in progress ( m) schemes in progress ( m) 1 Total 2 3 4 5 6 7 8 9 10 Total 0.00 3.11 LEASE LENGTHS (ASSUMING ALL BREAKS EXERCISED) IN DIRECTLY HELD PROPS % of rents passing Years (see below, right) Less than 5 5 or greater but less than 10 10 or greater but less than 15 15 or greater but less than 20 20 or greater Total 0.0 SECTION 4: DEBT INFORMATION 4.1 FACILITY VALUES AND INTEREST RATES ALSO SEE CONTINUATION SHEET TO RIGHT 4.1 (Cont'd) Variable rate debt ( m) Variable rate (% above LIBOR) incl. expenses Interest rate swaps m) Swap interest rate (%) Date on which swap expires Fixed rate debt ( m) Fixed rate (%) Date on which fixed rate expires Other instruments ( m) Details in '' section, please Market value of debt/instrument ( m) Is the market value of debt etc reflected in the fund's NAV as per Section 1.2 (Yes/No) Original currency denomination of debt (eg.,euros,$us) Please use the continuation sheet if required 0.000 0.000 0.000 0.000 0.000 SECTION 5: UNIT HOLDER ANALYSIS % NAV adjusted 0.000 5.1 UNIT PRICE MOVEMENT AND QUARTERLY GROSS DISTRIBUTIONS Latest quarterend Interim month 2 Interim month 1 Previous quarterend 6 months ago 9 months ago 12 months ago Offer price ( ) NAV per share/unit ( ) Bid price ( ) Gross distribution earned per unit ( ) Distribution figures should be exdividend #VALUE! If distributions are monthly, the figure for the latest quarterend should be the sum of the latest and previous 2 months. The data for interim month 2 sh ould not be cumulative C 5.2 UNITS IN ISSUE OVER THE PAST THREE MONTHS Number of units Income Units Accumulation units Total Number of units in issue at the latest quarterend Number of units created in last quarter Number of units redeemed in last quarter (enter as a negative no.) Number of units in issue 3 months previous to latest quarter end Number of units matched during last quarter 0.000 The distribution figures above should be exdividend Distributions are monthly, the figure for the latest quarterend should be the sum of the latest and previous 2 months. The data for interim month 2 should not be cumulative 5.3 BALANCE OF INTERNAL AND EXTERNAL INVESTORS Internal investors External investors Number of investors Total percentage holding
5.4 LARGEST INVESTORS AND PERCENTAGE OF UNITS IN ISSUE BY OWNERSHIP BAND Number of investors*^ Total percentage holding Less than 1% of units in issue 1% or greater but less than 2% 2% or greater but less than 4% 4% or greater but less than 8% 8% or greater Total 0.00 0.00 * The total number here should be the same as the sum of G258 and G259 in Section 5.3, i.e. 0.00 Largest investor Largest three investors Largest five investors Largest ten investors SECTION 6: FUND INFORMATION 6.1 RESTRICTIONS (ALSO SEE 'OTHER INFORMATION' SECTION 1) Please detail any changes to the Fund/Trust's investment restrictions in the past three months, or which are proposed Current restrictions >> 6.2 UNIT TRANSACTION AND INCOME DISTRIBUTION PROCEDURE (ALSO SEE 'OTHER INFORMATION' SECTION 2) Please detail any changes to the unit transaction and income distribution procedures in the past three months, or which are proposed Current transaction and distribution procedure >> 6.3 FEE STRUCTURE (ALSO SEE 'OTHER INFORMATION' SECTION 3) Please detail any changes to the fee structures in the past three months, or which are proposed Current fee structure >> 6.4 TRUST DEED/PARTNERSHIP AGREEMENT) Please detail any changes to the Trust Deed/Partnership Agreement in the past three months, or which are proposed 6.5 COMPLIANCE WITH THE AREF CODE OF PRACTICE AREF MEMBERS ONLY Is the Trust/Fund a member of the Association of Real Estate Funds Yes/No: If yes, indicate whether its last Annual Report and Accounts (or Interim Report, if later) stated that the Fund was fully compliant with the AREF Code of Practice. Yes/No: If no, please state the clauses of the Code with which it was not possible to comply, and the reason for the noncompliance. 6.6 PERFORMANCE FEES If the manager and/or property manager are entitled to performance fees (See "Other Information" Section 3) are these fees accrued and reflected in "other net assets (liabilities)" in Section 1.2 Please feel free to comment below. Yes/No:
6.7 OUTSTANDING REDEMPTION NOTICES OPEN ENDED FUNDS ONLY How many units/shares were subject to outstanding redemption notices as a the end of the last quarter Number of units Unit type (Income/accumulation etc) NAV/unit of this type of unit ( ) What is the maximum deferal period between receipt of a redemption notice and payment Please feel free to comment below. months
POOLED PROPERTY QUESTIONNAIRE Spt. 2016) FUND INFORMATION 1 INVESTMENT RESTRICTIONS Maximum total gearing permitted for investment purposed for liquidity purposes Cash holding (Maximum) Cash holding (Minimum) Maximum development exposure Maximum speculative development exposure Maximum lot size holding permitted as a standing investment Maximum lot size holding permitted at purchase Maximum exposure to limited partnerships Maximum exposure to jointventures Maximum exposure to closed and openended property unit trusts 2 UNIT TRANSACTION AND INCOME DISTRIBUTION PROCEDURE Valuation dates and frequency Percentage NAV Please detail the distribution dates Redemption procedure Redemption notice dates Redemption dates Subscription procedure Subscription notice dates Subscription dates 3 FEE STRUCTURE Please confirm the fee level and the basis on which the investment management charge is calculated What costs does the investment management fee include and exclude Please detail the basis on which performance related fees are calculated (if applicable) Are any initial charges levied If so, please detail the basis on which the charges are made 4 PERMITTED INVESTORS Please confirm the investors who are permitted to invest in the Fund Permitted Not Permitted
POOLED PROPERTY QUESTIONNAIRE Spt. 2016) SECTION 1: CORE FUND DETAILS 1.1 FUND NAME, TYPE ETC 1.2 FUND ASSETS AND LIABILITIES 1.3 CASH DETAILS SECTION 2: PORTFOLIO STRUCTURE 2.1 TOTAL SECTOR AND REGIONAL EXPOSURE 2.2 TOTAL DIRECT SECTOR AND REGIONAL EXPOSURE SECTION 3: PORTFOLIO CHARACTERISTICS 3.1 YIELD & VOID PROFILES 3.2 LARGEST 10 DIRECTLY HELD PROPERTIES 3.3 JOINT AND INDIRECT PROPERTY HOLDINGS (INCLUDING SYNTHETICS/PROPERTY DERIVATIVES, BUT EXCLDING LISTED INVESTMENTS) 3.4 LISTED PROPERTY EQUITY/CONVERTIBLE INVESTMENTS 3.5 PURCHASES IN THE PAST THREE MONTHS 3.6 DISPOSALS IN THE PAST THREE MONTHS 3.7 DIRECTLY HELD PROPERTIES: LOT SIZE BANDS & EQUAL EQUIVALENT MEASURE 3.8 RENTAL INFORMATION (IN RESPECT OF DIRECTLY HELD PROPERTY, INCLUDING JOINT INTERESTS OF 50% OR MORE) 3.9 TEN LARGEST TENANTS (IN DIRECTLY HELD PROPERTIES ONLY) 3.10 BOOK VALUE OF DEVELOPMENTS ( INCLUDING JOINT INTERESTS OF 50% OR MORE) 3.11 LEASE LENGTHS (ASSUMING ALL BREAKS EXERCISED) IN DIRECTLY HELD PROPS SECTION 4: DEBT INFORMATION 4.1 FACILITY VALUES AND INTEREST RATES SECTION 5: UNIT HOLDER ANALYSIS 5.1 UNIT PRICE MOVEMENT AND QUARTERLY GROSS DISTRIBUTIONS 5.2 UNITS IN ISSUE OVER THE PAST THREE MONTHS
5.3 BALANCE OF INTERNAL AND EXTERNAL INVESTORS 5.4 LARGEST INVESTORS AND PERCENTAGE OF UNITS IN ISSUE BY OWNERSHIP BAND SECTION 6: FUND INFORMATION 6.1 RESTRICTIONS 6.2 UNIT TRANSACTION AND INCOME DISTRIBUTION PROCEDURE 6.3 FEE STRUCTURE 6.4 TRUST DEED/PARTNERSHIP AGREEMENT
POOLED PROPERTY QUESTIONNAIRE Spt. 2016) SECTION 1: CORE FUND DETAILS 1.1 FUND NAME, TYPE ETC Fund type should be denoted as one of the following. Authorised Property Unit Trust (Authorised PUT or APUT) Exempt Property Unit Trust (EPUT) Common Investment Fund (CIF) Investment company with variable capital (ICVC) or Openended investment company (OEIC) Limited Partnership (LP) Managed Property Fund (MPF) Unauthorised CloseEnded Property Unit Trust Unauthorised OpenEnded Property Unit Trust 1.2 FUND ASSETS AND LIABILITIES The information provided should equate to that used to define the NAV per unit Properties which are owned 50% or more should be treated as direct holdings (in line with their classification by IPD) Data relating to other joint and indirect ownerships (other than of property shares) should be calculated in proportion to the ownership of each entity Listed property investments means equities, equity derivatives and convertibles. These should be shown in cell G18 at market value. The value of nonproperty listed investments should be included with other net assets/liabilities, also at market value. They should be noted under '' if they together represent more than 2% of the NAV of the fund. Properties held by the Fund through other funds should be treated as directly held if the other vehicles themselves are whollyowned Synthetics/property derivatives should be included with indirect investments 1.3 CASH DETAILS Total authorised development commitment should be inclusive of the total provided for cash allocated for contracted development commitments SECTION 2: PORTFOLIO STRUCTURE 2.1 TOTAL SECTOR AND REGIONAL EXPOSURE The geographical breakdown and the counties and unitary authorities therein, should match the standard IPD classification (See 'IPD Definitions') The weightings should reflect the underlying distribution of the portfolio, based on the figure of Total Properties at Valuation in Section 1.2 and should include estimates in respect of the fund's exposure to the property market via synthetics/property derivatives The weightings are exclusive of cash Where properties are overseas, please indicate in the section in which countries they are located. 2.2 TOTAL DIRECT SECTOR AND REGIONAL EXPOSURE The geographical breakdown and the counties and unitary authorities therein, should match the standard IPD classification.(see 'IPD Definitions' The weightings should be in respect of directly owned properties only (including the Fund's share of those owned as to 50% or more, but excluding other joint/indirect holdings) and be based on the Fund's share of the value of Directly Held Property shown in Section 1.2. The weightings are exclusive of cash Where properties are overseas, please indicate in the section in which countries they are located. SECTION 3: PORTFOLIO CHARACTERISTICS 3.1 YIELD & VOID PROFILES The yields and voids shown should be in respect of directly owned properties only (including the Fund's share of those owned as to 50% or more, but excluding other joint/indirect holdings).they thus relate solely to those properties shown as being Directly Held in Section 1.2. The yields should exclude development properties (see 'IPD Definitions') and leaseholds due to expire within 25 years See 'IPD Definitions' in respect of Initial, True Equivalent, Nominal Equivalent and Reversionary Yields. The denominator used to calculate the void rates (ie Total ERV) should include the ERV of both investment and development voids. 3.2 LARGEST 10 DIRECTLY HELD PROPERTIES Directly held assets include properties in which the fund has an interest of 50% or more, and properties held through other vehicles if these vehicles themselves are whollyowned. State % holding if less than 100%. For example: Great Edifice Buildings (66.6%) Sectors should be denoted as follows: Standard retail Shopping centres Retail warehouses Central London offices Other offices Industrial Other property 3.3 JOINT AND INDIRECT PROPERTY HOLDINGS (INCLUDING SYNTHETICS/PROPERTY DERIVATIVES, BUT EXCLDING LISTED INVESTMENTS) Joint Holdings: The value of Properties, Debt, Other Net Assets and Net Assets should each be proportionate to the Fund's holding in each investment and should sum to the corresponding totals in Section 1.2. (Joint holdings exclude holdings of 50% or more, which are treated as Direct Holdings.) Indirect Holdings: The value of Properties, Debt, Other Net Assets and Net Assets should each be proportionate to the Fund's holding in each investment and should sum to the corresponding totals in Section 1.2. Indirect holdings include Property Income Certificates and other synthetics/derivatives. (Indirect holdings exclude quoted Investments, which should be listed in Section 3.31) Holding type should be denoted as follows: Authorised Property Unit Trust APUT Common Investment Fund CIF Limited Partnership LP Managed Property Fund MPF Unauthorised CloseEnded Property Unit Trust CEPUT Unauthorised OpenEnded Property Unit Trust OEPUT Property Income Certificates PICs Other synthetics/derivatives Other Please give details of the investment on the sheet headed "" (Section 3.3) 3.4 LISTED PROPERTY EQUITY/CONVERTIBLE INVESTMENTS Only propertyrelated equity investments or convertible issues should be entered here. Holdings of gilts, nonconvertible property bonds and other nonproperty investments should be entered in Section 1.2 under 'other net assets'
3.5 PURCHASES IN THE PAST THREE MONTHS The Net Purchase Price is defined as the total consideration paid before acquisition costs Holding type should be denoted as follows: Direct Property DP and as per Section 3.2 Joint Ownership JO and as per Section 3.2 Authorised Property Unit Trust APUT Common Investment Fund CIF Limited Partnership LP Managed Property Fund MPF Unauthorised CloseEnded Property Unit Trust CEPUT Unauthorised OpenEnded Property Unit Trust OEPUT Property Income Certificates PICs Other synthetics/derivatives Other Please give details of the investment on the sheet headed "" (Section 3.4) Quoted Investments Quoted 3.6 DISPOSALS IN THE PAST THREE MONTHS The net sale price should reflect the deductions made for the cost of sale Holding types should be denoted as in 3.4. The Gross Sale Price compared to the valuation prior to sale should be answered as one of the following: Above At Below 3.7 DIRECTLY HELD PROPERTIES: LOT SIZE BANDS & EQUAL EQUIVALENT MEASURE Directly held assets only (including joint interests of 50% or more). Aggregate value should match the corresponding value in Section 1.2 The equal weighted equivalent can be used to account for lotsize skewness within a portfolio, e.g: Property Portfolio Property 1 Property 2 Property 3 Lotsize ( m) 100 24 11 1 1 Number of properties 3 EWE 1.70 % Weight 0.74 0.18 0.08 Sum of squared weights (0.55 0.03 0.01) Equal weighted equivalent 1.70 % Weight 2 0.55 0.03 0.01 3.8 RENTAL INFORMATION (IN RESPECT OF DIRECTLY HELD PROPERTY, INCLUDING JOINT INTERESTS OF 50% OR MORE) Directly held properties only (including joint interests of 50% or more). Information should be presented on annualised basis and net of headlease payments, in line with the latest property valuations Overrented (top slice income) should be presented as the aggregate rental income by tenant that is not supported by corresponding rental values Prelets/rent free periods means the ERV of prelet developments and the ERV of properties which have been let subject to rentfree periods and not their expected contracted rental income. (See 'IPD Definitions) Development voids means the ERV of developments in progress (and which the fund is contracturally committed) which are not prelet. Total ERV is the ERV stated in the valuation of the portfolio, adjusted to include the full ERV of developments in progress and of developments which the fund is contracturally committed to undertake. See "IPD Definitions" (attached) as to when a property ceases to be regarded as a development. 3.9 TEN LARGEST TENANTS (IN DIRECTLY HELD PROPERTIES ONLY) Directly held assets only (including joint interests of 50% or more). Data should be based on gross rents (ie net rents plus ground rents) 3.10 BOOK VALUE OF DEVELOPMENTS ( INCLUDING JOINT INTERESTS OF 50% OR MORE) Schemes in progress are developments on which development expenditure has been incurred and/or on which expenditure has been contracted. A project ceases to be a development in progress and becomes an investment property either six months after practical completion or when it is 75% let, whichever is the sooner Schemes not yet started are developments on which no development expenditure has been incurred or is contracted. The ERV of the above schemes (not yet started, in progress and contracted) should be included in the overall ERV of the portfolio as shown in Section 3.7 and cannot be less than the sum of the prelets/rent free periods and development voids shown in that Section. The further cost to complete schemes in progress includes the total cost of completing schemes expenditure on which has been contracted 3.11 LEASE LENGTHS (ASSUMING ALL BREAKS EXERCISED) IN DIRECTLY HELD PROPS Directly held assets only (including joint interests of 50% or more). Where leases include break clauses, it should be assumed that these are exercised at the earliest opportunity Leases that have expired but are still rentproducing should be grouped with those under 5 years unexpired Data should be based on gross rents (ie net rents plus ground rents) SECTION 4: DEBT INFORMATION 4.1 FACILITY VALUES AND INTEREST RATES Debt information should be provided for on balance sheet debt and debt contained within joint ownerships of 50% or more Please enter details of each borrowing/instrument on a separate row. Swap rates should include margin. SECTION 5: UNIT HOLDER ANALYSIS 5.1 DATA PER UNIT Funds with a single class of units should complete Column G: funds with one than one class of unit should enter data for each additional class in Columns K,O,S,W &AA Funds with feeder funds should enter data in respect of the main fund/partnership in Column G and data in respect of the feeder fund(s) in Columns K,O,S,W & AA In all instances, the distribution figures should be quoted post all fees payable In all instances, the distribution figures should be exdivdend: The unit prices should be quoted as exdiv capital prices only The gross distributions should all be quarterly totals except, where applicable, for interim months 1 & 2 when they should be the amounts per month 5.2 UNITS IN ISSUE OVER THE PAST THREE MONTHS Funds with a single class of units should complete Column G: funds with one than one class of unit should enter data for each additional class in Columns K,O,S,W &AA Funds with feeder funds should enter data in respect of the main fund/partnership in Column G and data in respect of the feeder fund(s) in Columns K,O,S,W & AA Units matched during the quarter should comprise only units traded on the secondary market: units transferred from one account to another with no change of beneficial ownership should not be included 5.3 BALANCE OF INTERNAL AND EXTERNAL INVESTORS Internal investors are those entities managed or controlled by companies within the same group as the promoter/investment manager or property advisor/manager of the Fund 5.4 LARGEST INVESTORS AND PERCENTAGE OF UNITS IN ISSUE BY OWNERSHIP BAND The number of investors in Sections 5.3 and 5.4 should sum to the same total SECTION 6: FUND INFORMATION 6.7 OUTSTANDING REDEMPTION NOTICES OPEN ENDED FUNDS ONLY Number of units please enter the number of units in full, not in millions of units (ie 123,245,678 not 123.245678) NAV/unit please enter the NAV per unit in pounds sterling (with no ' ' sign), not pence (ie 1.05678 not 105.678)
POOLED PROPERTY QUESTIONNAIRE Spt. 2016) IPD DEFINITIONS DEVELOPMENTS Properties should be defined as developments if they meet the following criteria: A site acquired for development, including development land that may remain vacant for many years A site acquired for development, including development land that may remain vacant for many years A property ceases to be a development at the earlier of: Six months after practical completion or when 75% of the property is let (excludes developer guarantees but includes rent frees) SECTORS Standard retail: Standard shop units Arcades Shopping centres of less than 4,644 sq m Department stores Supermarkets, superstores and hypermarkets Retail showrooms Galleries, kiosks and stalls Restaurants and pubs Banks and post offices Retail warehouses Shopping centres Offices Must be over 4,644 sq m Industrials Other: Hotels Leisure Medical and educational Residential Development land Unspecified future use Garages REGIONS City West End Mid Town Rest of London South East South West Eastern East Midlands West Midlands Yorkshire and Humberside North West North East The area bounded by Clerkenwell Road/Old Street, City Road, Liverpool Street Station, Middlesex Street, Minories, the Tower, the river Thames, Farringdon Street and Farringdon Road The area bounded by Northumberland Avenue, Haymarket, Charing Cross Road, Tottenham Court Road, Marylebone Road, Edgware Road, Park Lane, Kensington Gardens (south side), Gloucester Road (SW7, SW3 western boundary), Beaufort Street and the river Thames The area bounded by Farringdon Street, Farringdon Road, Clerkenwell Road/Theobalds Road, Charing Cross Road, Haymarket, Northumberland Avenue and the river Thames The remainder of London within the old GLC boundary excluding the City, West End and MidTown Buckinghamshire, Berkshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset and Wiltshire Hertfordshire, Bedfordshire, Essex, Cambridgeshire, Norfolk and Suffolk Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland West Midlands, Herefordshire and Worcestershire, Shropshire, Staffordshire and Warwickshire North, South and West Yorkshire and Humberside Greater Manchester, Merseyside, Cheshire, Cumbria and Lancashire Tyne and Wear, Durham, Cleveland and Northumberland Scotland Wales Northern Ireland Channel Islands/Isle of Man YIELDS IPD yields exclude developments and leaseholds due to expire within 25 years Net initial yield True equivalent yield Nominal equivalent yield Reversionary yield Rent passing net of ground rent, as a percentage of the gross capital value Assumes that rents are receivable quarterly in advance. IPD Also assumes that vacant units are let at either anticiapted letting date or after 18 months, breaks are implemented on overrented units and units that expire are automatically relet at rental value As for true equivalent yield, except that rents are assumed to be receivable annually in arrears Open market rental value net of ground rent, as a percentage of the gross capital value RENTAL INFORMATION Total rent passing Rent free period deductions Includes the uplifts due on outstanding rent reviews, i.e. rental value at time of review is substituted for rent passing The rental value of the unit and not the expected rent at expiry of the rent free period