SafeGuard Leftfield

currency

GBP

fund name

Leftfield Fund III

campaign name

Industrial, Logistics, Last-Mile Distribution United Kingdom

type

Equity Investment

country

United Kingdom

short description

Investment alongside leading executive team in UK Industrial & Logistics sector

Leftfield Fund III key take aways

Leftfield’s second fund has been sold to GIC, Singapore’s national investment manager, and Kennedy Wilson, the leading U.S. based investment manager, in May-22. Leftfield’s track record is excellent showing a net 22.1% p.a. return to its funds’ investors.

SafeGuard is now providing exclusive access to the successor fund, Leftfield Fund III.

Leftfield Fund III is seeded with £42m of assets at cost, with investors coming in now benefiting from significant unrealised value increases.

We are excited to open this opportunity up to our investors as Leftfield’s exclusive Asian partner. Leftfield’s strategy is based on its deep industry relationships to build a best-in-class portfolio of UK Industrial & Logistics assets through on and off-market acquisitions and forward-funding developments, growing the portfolio value through active asset management.

Leftfield has proven outstanding due diligence experience and market leading management capabilities to add and extract value from its acquisitions. It has also shown its expertise in realising gains by selling to investors Seeking income-producing, high-quality assets.

Investors in Leftfield fund III will have the option to exit the investment in October-2026 or continue their Investment with Leftfield.

Leftfield’s management team are invested side-by-side on equal terms with all investors – (typically holding c. 25% of Investor equity).

SafeGuard Leftfield

Subscription Date

15 October 2022

Subscription End Date

31 December 2022

Next Liquidity Option

Full redemption option at next Liquidity Event in Oct-2026

Capital to Raise

GBP 20m

Annual Return

Target return 10% p.a. (Historically 22.1% annualised return achieved)

Issue Price

1 per share

About Leftfield

Leftfield is a boutique, private equity Real Estate Fund Manager that specialises in UK Logistics and Industrial Property investments. Its London-based investment team is uniquely skilled and highly experienced in the market and in the sector, identifying and unlocking investment opportunities. The team is co-invested into the fund on the same terms, conditions and cost.

Leftfield recently sold part of Leftfield Fund II to GIC / Kennedy Wilson for £228 million which is at a record 3% yield. Leftfield has returned an average of 22.1% per annum net to investors since Fund I was incorporated in 2015.

Leftfield Fund III has been seeded with £42m of assets, with significant unrealised upside potential from value-add actions that have already been initiated. Investors coming in now are benefiting from these unrealised value increases once the fund is re-valued.

The Strategy will build on Leftfield’s deep industry relationships to build a best-in-class portfolio of UK Industrial & Logistics assets through on and off-market acquisitions and forward-fund developments, growing the portfolio value through active asset management and outstanding due diligence. Leftfield’s management team are invested side-by-side on equal terms with all investors holding c. 25% of Investor equity, whilst being incentivised through outperformance rather than through traditional fees.

An example of one of these seed assets would be:

Recently acquired Leftfield Park, Walsall, West Midlands (above) – a 110,000sqst industrial warehouse located in Walsall, Birmingham (completion in Q1, 2023).

Other assets include:

  • Caledonian Park, Wishaw
  • Development site in Corby, Northamptonshire (completion in Q3, 2023)

SafeGuard Real Estate Management

SafeGuard Real Estate Management (SafeGuard) is partnering with Leftfield to offer this unique opportunity to investors on SafeGuard.

SafeGuard is a Singapore based real estate fund and investment manager. Rapidly growing since incorporation, SafeGuard manages real estate funds on behalf of discretionary investors, and third party segregated mandates. Safeguard pursues controlled risk, core and value-add strategies in real estate markets globally.