PROPERTY GROUP STRATEGY
Texton tackles volatility in UK leases
Single-tenanted long-term leases in the UK should protect Texton Property Fund from volatility in the region, Nic Morris, the group’s new CEO, said on Thursday. Texton has diversified into the UK over the past few years. Its strategy is to sign up as many large single tenants on long leases as it can. This protects it from the short-term weak economic growth or decreasing valuations in UK assets because of events related to Brexit. Investors would be able to receive consistent pound-denominated income streams from Texton’s UK assets and regular dividend growth from its South African properties. Texton’s portfolio is geographically split by value between the UK, accounting for about 40%, and SA, with about 60%. "Our strategy aims to provide investors with secure and robust income streams and attractive dividend yields through exposure to solid long-term leases with excellent tenants. "Texton remains focused on increasing the average value of its properties through enhancing its core ...
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