Your ready-made property
In this section you will find detailed information about the trust’s performance, holdings, and governance structure.
Investors should be aware that past performance should not be considered a guide to future performance.
Our independent board
The TR Property board currently consists of five non-executive directors, all independent of the company’s investment manager. They seek to ensure the trust is managed in accordance with the interests of shareholders.
Their biographies, set out here, demonstrate a breadth of investment, property and professional experience.
The board meets six times a year and its role is to scrutinise the decisions and activities of the trust’s manager. The board also sets and monitors investment strategy and performance.
Between these meetings there is regular contact with the investment manager. The investment manager takes decisions as to the purchase and sale of individual investments within certain limits prescribed by the board.
Shareholder relation overview
The investment manager holds regular meetings with institutional shareholders, with their feedback relayed to the board.
The Annual General Meeting (AGM) provides an opportunity for private shareholders to provide feedback. The investment manager makes a presentation at this meeting and proxy votes are relayed.
Shareholders are given at least 20 days’ notice regarding the date of the AGM.
Society and the environment
The board is committed to taking a responsible approach on ESG matters. As a long-term investor, governance and sustainability considerations have always been embedded in our manager’s investment process.
ESG risk assessments and considerations are integrated into the detailed fundamental investment research and analysis that takes place on any potential investment before it is considered for inclusion in the portfolio. This continues on an ongoing basis for all investments held.
In respect of the direct portfolio, the trust aims to integrate ESG into all elements of its business practice, through our investments in our assets directly and through our partnership with our managing agents and tenants.
Occupiers are increasingly considering employee wellbeing when selecting workspace. Natural light, biophilia, fitness facilities and other occupier amenities all provide a competitive edge. Through our occupier focused, opportunity led approach, this means being a responsible owner of commercial real estate, helping our occupiers succeed and being valued by all our stakeholders.
Accountability and audit
The board receives regular reports from the manager and ad hoc information as required.
The manager has established an internal control framework to give reasonable assurance on the effectiveness of the internal controls operated on behalf of clients. The effectiveness of these controls is assessed by the compliance and risk department on an ongoing basis.
Full details can be found in the Annual Report.
The Board has established an Audit Committee which comprises all members of the Board and is Chaired by Tim Gillbanks. The Terms of Reference below set out the duties of this Committee in respect of Financial Reporting, Internal Controls and Risk Management and the conduct of the Committee in respect of the Company’s External Auditors.
Download Terms of Reference