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Portfolio

The portfolio amounts to 132 Properties (as at 30 June 2024). This is further broken down into 1,305 individual units with a total of 832 tenants. A large number of tenants leads to income diversification and security.

Below are the Regional REIT Top 15 Commercial Property Assets, as at 30 June 2024.

Eagle Court, Birmingham


Acquired in August 2021. Eagle 2 (66,221 sq. ft.) is a multi-let building totalling 42,111 sq. ft. Virgin Media occupy approximately 43,988 sq. ft. at Eagle 3 (66,195 sq. ft.) with the 2nd floor vacant. The buildings are of contemporary construction (c. 2000), located on a prominent self-contained site 7.5 miles to the southeast of Birmingham city centre adjacent to Birmingham Airport.

Investment Overview/Strategy

Improve income profile through refurbishment and letting the available space within Eagle 2 and 3.

Reposition Eagle in the market through the refurbishment of Eagle 2 to include a tenant wellness and amenity hub, new reception, refreshed common areas and outdoor courtyards.

Action taken: Finalising refurbishment plans to provide external upgrades, a contemporary show suite together with market leading wellness and amenity facilities at Eagle 2.

Future asset management initiatives: Commence the refurbishment at Eagle 2aAnd rebrand buildings as Altitude and Ascent giving them a new identity post works.

Hampshire Corporate Park, Chandler's Ford, Eastleigh


Investment Overview/Strategy

Acquired in January 2015. Chilworth House was wholly let to Aviva Health until December 2018. Hampshire House combined lettings with the Royal Bank of Scotland, secured until 2021, and with Aviva, the latter exiting in December 2016.

Business plan: Maintain and improve income on a long-term basis through active management of lease events and improved energy performance ratings of the assets.

Action taken:

Chilworth House

New 10-year lease agreed in 2019 with Aviva for c. 42,612. sq. ft. at a rent of £775,000 pa, (£18.19.per sq. ft.) 15.7% ahead of the previous rent. There is a tenant break option in 2025.

June 2022 a new Energy Performance Certification rating of ‘B’ was obtained, an improvement from the previous ‘C’ rating.

Hampshire House

Lease completed in 2021 with National Westminster Bank Plc to downsize into 5,408 sq. ft. of space on the first floor, Hampshire House at £20 per sq. ft. As part of the agreement, a dilapidations settlement was reached. The proceeds will be used to facilitate the refurbishment of the remaining space on the first floor.

Utilita Energy and Daisy Wholesale Ltd initiated their break options and vacated the 2nd floor in May 2022. Through proactive advance marketing, the entire second floor (21,025 sq. ft.) was let to Lloyd’s Register in 2022 at a rental of £24 per sq. ft., 20.5% ahead of the previous rent per sq. ft. within 1 month of the previous leases to Utilita Energy and Daisy Wholesale Ltd expiring.

Lease completed 2022 to Complete Fertility Ltd of 9,928 sq. ft. on a 15 year lease with a break option in 2032 at a rent of £287,921 pa (£29 per sq. ft.).

Q2 2023 Refurbishment of the remaining 1st floor void unit and common parts complete to provide high quality high office space and building wide amenities for tenant. These include, 12 on site electrical car charges, new male, female, and gender-neutral showers, WC’s and changing facilities, internal secure lockers and bike racks, internal and external space for tenants to meet and relax, high quality reception and new landscaped areas.

August 2023 following completion of the refurbishment a new Energy Performance Certification rating of ‘B’ was obtained, an improvement from the previous ‘C’ rating.

Remaining void of 4,400 sq ft was completed Q4 2023 to Silverstream Technologies (UK) Limited on a 10 year lease with a break option at year 5 at a rent of £127,500 pa (£29 per sq. ft.).

Future Asset Management: Chilworth House: Work with Aviva to re-gear lease and carry out refurbishment in line with Hampshire House.

300 Bath Street, Glasgow


Investment Overview/Strategy

Landmark Grade A office building in Glasgow City Centre extending to 156,853 sq. ft. offering column free floor plates up to 30,000 sq. ft over 7 floors.

At acquisition, the building was dominated by the occupation of Barclays who had a lease over several floors which provided a substantial ongoing net income position with an opportunity to redevelop/reposition the building at expiry.

The first and second floors were comprehensively refurbished in 2016 with Regus, under their Spaces brand, taking the second floor shortly thereafter.

Business plan: Barclays initiated their lease break options and vacated the property in November 2021 providing the opportunity to update and reposition the building to deliver contemporary Grade A specification space at a competitive rent.

Action taken since acquisition: Second floor (29,223 sq. ft.) was let to Regus in October 2016 - the first launch in the UK, outside of London, of their ‘Spaces’ concept which provides 300 Bath Street with let ready space.

Removal of the University of Glasgow’s (20,094 sq. ft.) break option in September 2019 extending occupation to September 2029 subject to tenant break option in September 2024. Half of first floor (9,791 sq. ft.) let to University of Glasgow on new lease from February 2019 on a coterminous term to sixth floor re-gear.

Letting the first floor suite (9,439 sq. ft.) to LSPIM completed in November 2021 for a ten year term with break option at the end of the 5th year of the term.

Agreement was reached with Eaton (10,262 sq. ft.) to surrender their lease at the end of January 2022 just ahead of their lease expiry in February 2022. This was required to facilitate a letting to Fairhurst on a new 10 year lease subject to a tenant break option at the end of the 5th year at a rent which reflects £20.43 per sq. ft.

Re-branding of the asset from “Tay House” to 300 Bath Street is now complete.

Completion of the comprehensive reconfiguration of the entrance to the building from Bath Street creating a new hosted reception, lounge and event space, wellness facilities including cycle storage, fully equipped gym, and showers, updated branding and marketing of the available office space and regular tenant engagement including events and social activities concentrating on staff wellness.

The completed showsuite on the 4th floor (East part) provides our refurbished example of space that we can demonstrate to potential occupiers which is a combined temporary large event space for 300 Bath Street.

Current and Future asset management initiatives: The creation of a new entrance onto Sauchiehall Street with café, street accessible event space and smaller suites will enable and facilitate move to flexible work space where we can provide enhanced cat A plug and play capability to satisfy smaller office suite enquiries and will enable us to commence a roll out of small suites on the back of having one ready for occupation on a rolling programme to satisfy the current market requirement for occupation ready accommodation.

The University of Glasgow have exercised their break option to vacate two thirds of their occupancy in 300 Bath Street. Terms are being finalised to retain their occupation of the 1st floor. A further 35,000 sq. ft. is in advanced negotiation. Potential interests for let ready space are being targeted for our ground and 3rd floor space.

Our next phase will include a new street frontage onto Sauchiehall Street, external planting to soften the street level external areas around the building.

Improved building BMS is now being progressed as part of ongoing energy reduction measures.

Norfolk House, Smallbrook Queensway, Birmingham


Investment Overview/Strategy

Acquired in February 2019, Norfolk House occupies a 0.52 acre island site in the centre of Birmingham close to Birmingham New Street Station and adjacent to the Bullring Shopping Centre. The building is split over six floors with 12 retail units at the ground floor level totalling 26,099 sq. ft. with 88,883 sq. ft. of office accommodation on the ground floor and above. The building offers large column free floor plates adjacent to the city’s main rail terminus at a discount rent compared to the competing brand new space.

Business plan: Office premises currently fully let, manage lease expiries with existing tenants and keep void periods to a minimum. Convert vacant retail unit to additional amenity for office premises for Bike storage and changing facilities and retain existing retail tenants.

Action to Date: Letting secured on Units 3a & 3b to Hungry Panda, a new Chinese food operator, on a five year lease which includes a break option at the end of year three. A positive result which improves the profile of the retail element of the property.

Existing tenants, Lakbir and Balbier Dhillon have leased Unit 6, currently let as a franchise (Subway Realty Limited), on a new 15-year lease with a mutual break at the end of the year 10. The new rent of £20,000 pa reflects an increase of c.14%.

New letting completed to hairdresser, Joan Ling for a new 5 year lease at £20,000 pa.

Completed a new lease of 44,245 sq. ft. of previously vacant Grade A office space to Global Banking School ("GBS") at Norfolk House, Birmingham. The annual rent amounts to £840,991 (£19.01/ sq. ft.), with a 15 year lease including an option to break after 10 years. This was the 2nd largest office letting completed in Birmingham in 2022.

Completed new lease providing expansion of GBS’s operation into the 4th and 5th floors on co-terminus lease terms as the ground, first and third floors.

Further expansion opportunities exist for GBS on the 2nd floor in the event that Accenture exercise their break option. GBS also have the option to purchase the full building.

As part of the initial letting to GBS, planning consent for change of use required the installation of a cycle and shower amenity space, this will be located in the lower ground entrance to Norfolk House.

Replacement of one of the goods lifts is now progressing.

800 Aztec West, Bristol


Investment Overview

Acquired vacant in January 2016. 71,651 sq. ft. office over ground and two upper floors with 330 parking spaces on Bristol’s premier out of town business park.

Business plan: Undertake comprehensive refurbishment to enable re-letting.

Action taken: Refurbishment completed in 2018 providing remodelled layout and revised external approach, frontage and foyer, opening up of floor plates, creation of roof terrace, replacement of all cladding/glazing and replacement of M & E resulting in EPC improvement from E to B rating. Design resulted in increase of lettable floor space to 73,292 sq. ft.

First floor (31,670 sq. ft.) let to Edvance (EDF) on 3 x 10-year lease from August 2018 at an overall rent of £678,304 pa (£21.50 per sq. ft.).

Second floor comprising 9,736 sq. ft. also let to Edvance (EDF) on a nine-year lease from August 2019 at aa rent of £223,928 per annum (£23.00 per sq. ft.).

The Ground floor (32,007 sq. ft.) was initially let to The Secretary of State for Defence on a 10-year lease from December 2018 at a rent of £640,140 pa (£20.00 per sq. ft.). following an assignment of the lease, this space is now let to NNB Generation Company (HPC) Ltd (EDF) on the same basis £20.00 per sq. ft.

The building is now fully let and is EDF’s UK HQ for their nuclear division.

EDF have taken a lease of the common parts to provide them with full control of the entire property to enable them to implement required ‘nuclear level’ security. They have invested over £250,000 in security systems in the common parts and have assumed the management for all building and site wide matters.

Future asset management initiatives: Look to improve WAULT by seeking to remove future tenant break options and extend occupancy.

Manchester Green, Manchester


Investment Overview/Strategy

Purchased in August 2021 as part of the Squarestone portfolio. The development consists of five high quality office buildings on a premier business park near Manchester International Airport.

The accommodation extends to 107,201 sq. ft. with a passing rent of £1.2m pa a headline rent of £1.4m with an ability to improve on this through the ongoing letting of the vacant space. ERV for the site is £1.9m pa.

Business plan: Regear and agree new leases on an ongoing basis with existing tenants to increase unexpired lease terms and raise headline rent and let vacant space in building 1.

Action taken: Refurbishment of the reception area in Building 1 and subsequent letting completed to Compass Financial for 4,972 sq. ft. of the second floor at £19.00 per sq. ft. on a 5 year lease 3 year break. Terms are also being discussed with another party the first floor.

Letting completed to NNR Logistics in Building 4 on a new 10 year lease with a 5 year break for 2,574 sq. ft. at a rent of £19.00 per sq. ft. which is a new headline rent for the estate.

Letting completed to EV Cargo on the last available suite in Building 4 on new a 3 year lease, 18 month break for 1,237 sq. ft. at a rent of £19 per sq. ft.

Surrender and regrant of lease completed to Assetz SME Capital Limited for the whole building 3 extending to 14,937 sq. ft., the new lease expires in March 2028.

Brand new purpose built communal gym and café facilities now open and trading and introduced a building / estate manager to assist with community engagement and management of the asset.

Future asset management initiatives: Complete ongoing letting deals. Engage with tenants on an ongoing basis to regear and renew leases and continue to improve rental tone. Undertake CAT A refurbishment of Ground floor vacant premises of Building 1.

Beeston Business Park, Nottingham


Investment Overview/Strategy

Acquired in December 2020, Beeston Business Park is located 4 miles south west of Nottingham city centre, adjoining Beeston Train Station, offering direct connectivity to London St Pancras International. The Park comprises 215,330 sq. ft. across one multi-let office building, four single let industrial buildings, a vacant development plot and sporting fields on a total site area of 26.53 acres with no available space.

Business plan: Retain office element at Waterfront House on a long-term basis providing opportunities to let the void space and enhance rents over time.

The three industrial units let to SMS, single industrial unit let to AW Repairs and a development plot, present a potential sale opportunity subject to brining in separate power supplies.

Action taken: An assessment and costed design solution has been completed to install separate fiscal power supplies to the three units let to SMS and the AW Repair unit. This will enable the tenants to have direct supplies rather than the current single landlord controlled incoming main and more appropriate for a sale of part.

Moreover, the Property Manager undertook a full review of the mechanical and electrical equipment including the heating and cooling system at Waterfront House (office element). Following this review, the control and monitoring systems were upgraded, boilers replaced and recommended energy saving measures were implemented, achieving significant energy savings for both gas and electricity consumption.

Following the works, a new Energy Performance Certification rating of ‘B’ was obtained, a significant improvement from the previous ‘D’ rating.

Additional action taken includes:

  • Renewed the car park surface following completion of the upgrading of the on-site drainage system
  • Installation of electric car points
  • Renewed both boilers in Waterfront House and 2No main Transformers on site
  • Currently marketing the GF former Heart Internet accommodation and part FF offices
  • Installation of separate fiscal supplies to the three units let to SMS and the AW Repair unit

 Future asset management initiatives:

  • Refurbishment of Waterfront House main entrance/common areas
  • Replace the chillers serving Waterfront House
  • Installation of new fiscal supplies
  • Continue to explore a range of initiatives to enhance ESG rating
  • Let the void (53,000 sq. ft.) in Waterfront House
  • Review and implement tenant forthcoming lease events to maintain occupancy.

Orbis 1, 2 & 3, Derby


Investment Overview/Strategy

Purchased in May 2022, the property is located in the heart of Pride Park, Derby’s premier business location which consists of, a 180 acre business park occupiers include Rolls Royce, Severn Trent, Derby college along with Derby Arena and Pride Park., The site extends to 7.54 acres, with a low site cover of 33%. The asset is situated within a 5 minute walk of Derby train station. Additionally, the property has a total of 526 car spaces, a ratio of 1: 232 sq. ft. The three buildings have a combined net internal floor area of 122,883 sq. ft. – all of which have an EPC rating of B, therefore offering strong ESG credentials.

Derby is one of the three principal conurbations in the East Midlands region.

Action taken: Engaged with all tenants post purchase on longer term corporate occupational requirements and have moved to more efficient utility recharging regime. Ongoing programme of significant investment in the M&E serving the building.

Future asset management initiatives: Improve physical fabric of asset through ongoing Planned Preventative Maintenance (PPM), pro-actively seek tenant commitment to refurbishment and ongoing upgrading of their space and engage with tenants with a view to securing their long-term occupation.

Oakland House, Manchester


Investment Overview/Strategy

Acquired in March 2016, a 15 storey office block which is prominently located on Talbot Road, one of the main arterial routes in the Old Trafford area of Manchester.

Business plan: Regear and agree new leases on an ongoing basis with existing tenants to increase unexpired lease terms and raise headline rent and let vacant office premises on 7th and 10th floors with spaces let to rates leases to follow.

Action taken: New lease agreed with AM London Fashion Limited for two leases totalling 16,390 sq. ft. on the third and 4th floors for a 10-year terms at a gross rental income of £11.50psf, with a break option in year 5.

New lease agreed with Please Hold (UK) Limited for 10,926 sq. ft. on the sixth floor and the remainder of the 14th floor. The tenant has seen significant growth which has been able to be accommodated within the asset.

New lease agreed with The Secretary of State for Levelling Up, Housing & Communities for part of the fifth floor (5,450 sq. ft.) at a rental income of £54,500 pa.

New lease agreed on the 11th floor to PH Media extending to 10,926 sq. f.t at £13.50 per sq. ft. a new headline rent for Oakland House on a 5 year lease with landlord and tenant breaks in year 3.

Solicitors instructed to regear 6 of PH Media’s seven leases extending to 49,436 sq. ft. at a rent of £500,000 expiring in 2032 with break options in November 2027.

Interest in vacant floors from new and existing occupiers.

Future asset management initiatives:

Ongoing re-gear and review opportunities with existing tenants. Continue to let vacant space.

Significant changes to the surrounding ‘Old Trafford/Stretford’ area are underway and in the pipeline. Significant plans have been secured for the development of a new mixed use scheme to grow the former Kellogg’s HQ opposite with works commencing Q1 2024. In addition, three adjacent office buildings are now undergoing conversion for residential use.

The building sits in the heart of the Trafford Civic Quarter – Area Action Plan. This provides for further residential and commercial opportunities in surrounding sites and creates a backdrop for Oakland House to benefit from shrinking office supply.

Lightyear, Glasgow


Acquired in August 2021. Lightyear (73,499 sq. ft.) is multi let to five tenants and a business centre providing smaller suites. Key tenants include Rolls-Royce (15,116 sq ft), Loganair (14,330 sq. ft.), Taylor Wimpey (10,696 sq. ft.), Cefetra (11,199 sq. ft.) and Heathrow Airport. The building is of high specification located a 5 minute walk from Glasgow Airport and a 20 minute drive to Glasgow City Centre.

Investment Overview/Strategy

Occupancy increased following several transactions and asset management initiatives.

Action taken:

Completed the lease renewal to Loganair.

Let over 30,000 sq. ft. of vacant accommodation to Rolls-Royce and Heathrow Airport.

Future asset management initiatives:

Drive performance and income from the business centre operation.

Linford Wood Business Park, Milton Keynes


Investment Overview/Strategy

Purchased in May 2022, the property is a freehold 5-building business park comprising of 107,352 sq. ft. 1 single-let and 4 multi-let office buildings. All buildings have an EPC rating of C.

The Park benefits from extensive parking and close proximity to Central Milton Keynes (1.5miles). The site is 3 miles from junction 14 of the M1 motorway. Additionally, Linford Wood Business Park is in the middle of the Oxford/ Cambridge economic growth corridor, the UK Governments vision for maximising population growth, business expansion and economic output.

Business plan: Maintain the high occupancy level and capture reversionary uplift in rents on new lettings and renewals where possible. Purchased in an off-market transaction.

The property offers a wide range of occupancy options, enabling consistent churn of lettings for smaller suites on short/flexible lease terms to longer term traditional FRI’s.

Action taken: Consistent lettings for small suites continue. Particular attention has been drawn to old M&E within one of the properties where we have three larger occupiers, two of which are seeking long term leases within Linford Wood, where the smaller of the two occupiers preference is to maintain flexibility, this will enable us to regear the two larger tenancies, improve toilet and shower facilities within this building and change over the heating and cooling system as part of the regear strategy.

As part of the relaunch to the market, new signage has now been installed at the park, finalisation of the brochure and website are in development.

Outstanding rent review completed within Cygnus from October 2022 agreed at £14.30/sq ft completed.

New letting of Scorpio ground floor space to Sencieve is complete with new lease for 5 years term certain following incentives has been agreed. The suite extends to 9,800 sq ft at £16/sq ft.

Initial ESG strategies have been implemented including drop off cycle initiative with Santander and wild flower meadow.

Current and Future asset management initiatives: The five buildings in Linford Wood provide a mix of tenures. The Libra and Carina buildings lend themselves to traditional longer term leasing structures of 5-10 years. The Gemini and Scorpio buildings are subdivided to sizes which will fit within the planned Reflex model with fixed monthly rentals charged. Scorpio is fitted to a good standard and some minor decoration works are planned. The Gemini building offers small suites but requires an upgrade of the common areas, including toilets, tea prep areas and the general feel needs to improve. Plans to relocate the Estate office where the Asset Host is based to the ground floor and create a welcome lounge for the park and potential gym/social/recreation space are being considered. ESG initiatives underway including installing EV charging and moving common area lighting onto sensor controls to reduce energy costs. The Libra building has capital expenditure planned to install new fresh air heating and cooling into the building and roof repairs. The building will be reduced to accommodate a maximum of 4 occupiers in the building based on layout arrangements and update the energy consumption directly to the suites created.

Ashby Park, Ashby De La Zouch


Investment Overview/Strategy

Acquired in March.

The site comprises three detached office buildings in a business park setting. Accommodation extends to a total of 91,034 sq. ft. with a current passing rent of £752,667 pa.

Business plan: Retain and improve rental income via lease events and interim re-gears where possible.

Further opportunities to increase rents with the letting of recently vacated space and opportunity to create new multi-let space in Clinitron House.

Action taken: The common parts of Ceva House have been comprehensively refurbished.

A new deal has been documented with Ceva to remain on part of the ground and whole of the first and second floors for 5 years at a rent of £405,132 pa (£13.17 per sq. ft.).

Completed lease surrender of Power House with Alstom Power Ltd and back to back re-letting to Brush Electrical Machines Ltd on a new 10-year lease. New lease effective January 2020 at rent of £300,000 pa (£14.09 per sq. ft.).

Citron Hygiene UK Limited have recently completed a lease of part of the ground floor of Ceva House for 5 years at a rent of £47,535 pa (£15.00 sq. ft.).

Comprehensive refurbishment and rebrand of Clinitron House (now known as Excelsior House) to deliver high quality refurbished space to the market. The refurbishment has significantly improved the energy efficiency and ESG credentials of the building achieving an EPC rating of A (18).

Ashfield Healthcare Ltd. has let 18,942 sq. ft. in Excelsior House to July 2034, with an option to break in 2029, at a rental income of £350,427 pa (£18.50/ sq. ft.). The remainder of the vacant office space is under offer at a similar level.

Future asset management initiatives: In early discussions with Ceva Logistics in respect of their forthcoming lease renewal in 03/2026. Longer term solution for Ceva House main heating/cooling plant to be investigated to improve EPC rating.

9 Portland Street, Manchester


Investment Overview

£3.075m acquisition from receivership in December 2013 of refurbished vacant modern offices behind a retained listed façade consisting of ground and six upper floors extending to 55,000 sq. ft. The reception was refurbished post purchase and launched into a strong letting market resulting in an occupancy rate of over 97%. Key tenants include Evolution Money Group Ltd, Mott MacDonald Ltd, NCG (Manchester) Ltd, and Simard Ltd.

Business plan: Regear and agree new leases on an ongoing basis with existing tenants to increase unexpired lease terms, raise headline rents and let vacant 1,265 sq. ft. office suite. Work up refurbishment scheme for the reception to bring in line with competition to future proof the building.

Action taken: Interim re-gears and rent reviews undertaken since the building was acquired have secured a top headline rent for the building at £24.77 psf. Evolution Money Group Ltd. renewed its lease for a further ten years, with the option to break in 2027, at a rental income of £290,000 pa (£24.77/ sq. ft.) on 11,706 sq. ft. of space, representing an uplift of over 15% in rent.

Future asset management initiatives: Continue to agree lease renewals, re-gears and rent reviews at increased rental levels, undertake required works to vacant 1,265 sq. ft. and let vacant space.

Explore opportunity to undertake improvements to elements of the reception area to improve amenity and wellbeing facilities. Explore opportunities to improve the buildings ESG credentials alongside improvements to the reception and common areas the result being improvements in the headline rents. Take advantage of any space being returned to improve offer and increase rental tone.

Capitol Park, Leeds


Investment Overview/Strategy

Purchased in August 2021, the property consists of five high quality out of town office buildings in a business park setting located just off the M62, six miles from Leeds city centre. Total accommodation extends to 98,340 sq. ft. with a headline rent of £1.3m pa. The buildings are let to quality occupiers including Evri and Barratt Homes.

The property provides an opportunity to re-gear and extend existing tenancies with an ability to refurbish and where possible to upgrade buildings and relet to new occupiers on improved rents.

Action taken: A rent review with Barratt Homes been completed securing an uplift in the rent received.

Secured a lease renewal with Evri on Capitol House for an additional 5 years.

Pheonix House in now available and on the market with reasonable levels of interest.

Tomlinson House has been sold to an owner occupier.

Trueman House is on the market to let with strong interest currently.

Exploring higher value planning uses on the overflow car park with interest being shown from potential purchasers.

Future asset management initiatives: Engage with tenants at opportune times to discuss lease extensions.

1-4 Llansamlet Retail Park, Nantyffin Rd, Swansea


Investment Overview/Strategy

Acquired in 2014, 1-4 Llansamlet Retail Park (74,425 sq. ft.) consists of 7 units adjacent to a Tesco Extra Supermarket (111,000 sq. ft. plus petrol filling station). Occupiers include Wren Kitchens, NCF Living, Halfords, SCS, Tapi and Tim Hortons.

Action taken: Maintaining the high occupancy level, currently marketing the last void on the park.

Future asset management initiatives: Re-gear leases with existing tenants to improve WAULT and rental tone. Re-let former Carpetright unit. In discussions with Tim Hortons on getting EV Car Chargers in the park.