"Although Retail Warehousing saw a significant repricing in 2007, the Junction Fund continued to create new space for our tenants, made progress with our key developments, refurbished existing parks and focused on further improving our low vacancy rates"
John Gatley, Managing Director, The Junction
The Junction Fund is a specialist retail warehouse fund with a dedicated in house management team. It owns a retail park portfolio which includes significant development opportunities. The investment criteria are:
| Units | % | |
| B&Q | 6 | 14.81 |
| DSG Retail | 11 | 7.49 |
| Home Retail Group | 6 | 6.25 |
| Comet | 9 | 5.19 |
| Wickes | 3 | 3.96 |
| At 30 December 2007 |
At 30 December 2006 | |
| Properties at market value | £1,223m | £1,590m |
| Number of properties (core) | 14 | 16 |
| Number of units | 223 | 233 |
| Initial property yield | 4.37% | 3.29% |
| Equivalent yield | 5.32% | 4.45% |
| C&R share | 27.32% | 27.32% |
| Bank debt | £649m | £696m |