A Fund managed by Swiss Life Asset Managers UK Limited

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PITCH Property Level Reporting

We seek to embed RPI considerations into our processes even before an asset is acquired and many of the considerations that we have will echo the requirements of current or potential occupiers. We also seek to measure all landlord controlled energy and water supplies throughout our portfolios, concentrating on the more substantial assets where we believe that we can make a difference. For further information, view our PITCH 2020 Sustainability Report.

 

Energy Efficiency

Energy Performance Certificates (EPC) cover 100% of the portfolio and 99% of the portfolio is rated ‘D’ or better. The EPC is an important consideration - efficient buildings will always be desirable,
as are low running costs.

EPC ratings are also important beyond just considering running costs. The Minimum Energy Efficiency Standards (MEES) will make it illegal to grant new leases on commercial properties with a rating of F or G from April 2018 (and for existing leases from April 2023).

Only one small industrial unit within our portfolio has an F rating and that is principally due to its current quasi-showroom use. The unit is to be refurbished during the coming year.

We ensure that all our assets have EPCs and that we have strategies in place to deal with any assets that are unlikely to meet the minimum criteria at the relevant dates.

 

Sustainable Suppliers

Sustainable objectives are more easily attained by working in partnership. We are seeking out opportunities to introduce companies that can help our tenants to achieve their own sustainable goals.

We have arranged discount opportunities for our tenants to purchase energy and water saving technology from Save Money Cut Carbon and additionally have introduced Zumtobel to work with tenants to investigate self-funding installations of LED lighting. We have recently begun working with Syzygy to investigate opportunities to incorporate solar power into our assets.

 

Green Leases

We believe that enhancing the sustainable qualities of our assets has the potential to make them more desirable to occupiers, combat obsolescence and
improve investment performance. By its nature, the PITCH fund contains many single let, long lease assets where data collection is problematic - we do collect environmental performance data for all our directly held multi-let properties where we organise utility supplies and waste disposal.

In order to improve data collection across the portfolio, and to work more closely with our tenants, we are seeking to incorporate terms to facilitate this into material leases.

 

British Research Establishment Environmental Assessment Method (BREEAM)

PITCH owns a number of BREEAM rated buildings. BREEAM is a voluntary scheme that aims to quantify and reduce the environmental burdens of buildings by rewarding designs that take positive steps to minimise their environmental impacts. 25% of the Fund's portfolio has been rated BREEAM 'excellent' or 'very good' for their incorporation of designs which reduce impact on the environment.

 

 

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Please contact James Lloyd, Georgina Lockwood or Charlotte Cook

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James Lloyd
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Georgina Lockwood
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Charlotte Cook
Investment Associate, Charities and Endowments
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The value of investments may go down as well as up, and investors may not get back all or any amount originally invested. Income or other returns from investments are subject to change and may be lower than estimated. Past performance is not a reliable indicator of future performance.

Property Income Trust for Charities

A Fund managed by Swiss Life Asset Managers UK Limited

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The information on this site is issued by Swiss Life Asset Managers UK Limited ("Swiss Life Asset Managers UK"), a company incorporated in England and Wales under number 04846209, authorised and regulated by the Financial Conduct Authority ("FCA") with FRN 229228 and its registered office is at 55 Wells Street, London, W1T 3PT.  Swiss Life Asset Managers UK is a member of Swiss Life Asset Managers.

The Property Income Trust for Charities (“PITCH”) is a pooled property vehicle, in the form of a UK exempt unauthorised unit trust, which is managed by Swiss Life Asset Managers UK.

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Sales Restrictions

PITCH is not a recognised collective investment scheme for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"). The promotion and the distribution of offering materials in relation to PITCH in the United Kingdom is accordingly restricted by law.

PITCH is categorised by the FCA as a Non-Mainstream Pooled Investment which cannot be marketed to the general public.  PITCH is only available to charities who qualify under section 96 or 100 of the Charities Act (2011) or section 25 of the Charities Act (Northern Ireland) 1964 (“Eligible Charity”).

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The information on this site is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to subscribe for units in PITCH.  The information on this site does not constitute a recommendation or investment advice and should not be relied upon. Should you have any queries about PITCH, you should contact your financial adviser.

Risk Factors

The value of investments may go down as well as up, and investors may not get back all or any amount originally invested. Income or other returns from investments are subject to change and may be lower than estimated. Past performance is not a reliable indicator of future performance.

PITCH invests in real property in the UK and uses leverage which means the fund may be subject to higher risk and volatility than other funds and may not be suitable for all Eligible Charity investors.  Further, PITCH’s portfolio of assets may lack diversification thereby increasing the risk of loss.

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