Cordea Savills’ UK Income & Growth Fund obtains St James’s residential planning consent and surpasses £100m milestone.

Cordea Savills has obtained planning approval to convert the upper parts of its UK Income and Growth Fund property in Jermyn Street to residential use. The total value of the Fund’s 12 assets has grown to c. £104 million, with the addition of two new acquisitions in the last quarter, one in Borough High Street, London and the other an office in Hounslow.

The recent acquisitions mark a move to increase the Fund’s exposure to London and the South East, and gain access to better rental growth prospects. The Fund will continue to target diversification, high quality income and a distribution yield of c.5.25% pa.


George Tindley, Fund Director, commented:

“UKIG has continued to deliver solid growth both in terms of capital and income returns. We can attribute the consistent return of the Fund to the focus on buying assets which have provided safe and reliable income streams, as well as the team’s ability to improve the value of the assets via asset management.”


The UK Income and Growth Fund offers above average returns and an attractive income. The Fund has comfortably outperformed the IPD All Balanced Funds over the three years to September 2014.





Citigate Dewe Rogerson

Patrick Evans / Stephen Sheppard / James Madsen / Alice Stewart


Tel: +44 (0)20 7282 2966


  • 26 November 2014