Nexus Pine Management Limited

We have an established and successful track record in Education with PINE I, where we built up a portfolio of 33 educational assets which was then successfully exited in 2017 Nexus PINE II aims to deliver strong returns by acquiring assets that are let on long term leases to excellent educational providers where the asset value substantially underpins the investment value. Our previous portfolio benefited from an average weighted unexpired term in excess of 20 years with the majority of rents being annually indexed. Nexus PINE II considers a wide range of operational businesses as tenants from providers of special educational needs to private or state funded primary and secondary schools to nursery schools. Through the security of the covenants which our tenants provided, the long term nature of their full repairing and insuring leases and the indexed rent reviews the fund was able to maintain a high running yield, with a low cost base which maintained attractive returns. Our aim is to replicate this within the new PINE II Fund.