"This new fund offers the potential for greater scale and presence in the market."
                                                                      Xavier Pullen, Deputy Chief Executive

What is FIX UK

FIX UK is the brand name for a portfolio of trade centres. It became a Fund with new investors on 6 March 2008 led by Paradigm Real Estate Managers Ltd and the Bank of Scotland Corporate. C&R now holds 20%, whereas during the 2007 financial year it held 100%.

Trade centres

A trade centre is generally made up of a number of units, occupied by tenants mainly servicing trade buyers such as builders, plumbers, joiners and electricians. The majority of the occupiers require a standard industrial consent. However, a number of others require a slight widening of consents to allow counter sales.

The investment criteria agreed for the acquisition programme are:

• A multi-let industrial / trade centre.
• Minimum area of 20,000 sq ft.
• Catchments of no less than 50,000 people within a 20 minute drive time.
• Strategically strong location - e.g. adjacent to main road.
• Planning for an industrial or trade centre use.