£1.1m of New Rent Secured for Two Nottingham Offices
Regional REIT Ltd. (LSE: RGL), the regional office specialist, is pleased to announce it has completed two new leases totalling 146,262 sq. ft. of previously vacant office space to a specialist electronics manufacturer at One and Two Newstead Court, Nottingham. The occupier has taken a 20-year lease at a headline rent of £1,075,000 per annum (“pa”) with five- yearly RPI rent reviews, and breaks at 10 and 15 years. The offices have been rented in an unrefurbished condition, with the tenant undertaking substantial improvement works at a cost in the region of £5m. The landlord’s holding/void costs associated with the two properties were approximately £700,000 pa.
One Newstead Court provides 47,120 sq. ft. (EPC B) of workspace and Two Newstead Court comprises 99,142 sq. ft. (EPC B). The offices are adjacent and located on Sherwood Business Park, a 165-acre site accommodating two million sq. ft. of offices, distribution facilities and hotels. The site benefits from excellent transport links and has direct access to Junction 27 of the M1 motorway.
Stephen Inglis, CEO of ESR Europe LSPIM Ltd., Investment Adviser commented:
“This letting is a great example of the demand that exists for office space in the regions where new supply is extremely limited. This is one of a number of approaches we have received from tenants unable to identify suitable ready-to-occupy accommodation and are therefore now seeking space that can be refurbished to suit their occupational requirements. I expect this trend to continue as the supply of ready-to-occupy space continues to contract. Achieving a 20-year term with the tenant undertaking an extensive works programme amounting to c. £5million demonstrates the ability of the asset manager to deliver space on terms that strengthen both the Company’s income stream and the value of the portfolio, whilst reducing the Group’s operational costs.”
An ii customer with a contrarian streak discusses his SIPP income portfolio that contains a handful of racy growth shares.
17th June 2026 09:00
by Dave Baxter from interactive investor
Entering retirement can sometimes act as a prompt to take some investment risk off the table, be it holding funds rather than shares or seeking out steady dividend payers rather than racy growth shares.
However, things can be more complicated than that. That’s the case for one ii customer, who has turned his self-invested personal pension (SIPP) into an income portfolio but continues to seek out multi-baggers elsewhere.
The customer is 66 and has flirted with the idea of retirement, having not worked for around a year. That caused him to “flip” his pension, which has around £600,000, into a vehicle for steady dividend payers, targeting a yield of around 7% or 8%.
As the first table shows, there’s quite a mix here, from classic UK-listed dividend behemoths such as BT Group BT.A
That portfolio should provide some reliable income, much as there can still be hiccups, as with the proposed managed wind-down of the SDCL trust.
Shares in the trust tumbled this week after the board said it would suspend dividend payments and “prioritise preserving value and reducing debt ahead of future returns of cash to shareholders”.
But his overall portfolio stretches more further, with around £1 million in an ISA and a further £3 million spread across trading accounts.
The customer spent a long time working in the energy sector and focusing on technology, and in the spirit of investing in what you know, he does hold shares in both areas.
Note, for example, that the ISA includes Glencore GLEN
when the shares were on a low a few years ago, holds some of the tech funds, owns some gaming companies such as Frontier Developments FDEV
and has previously invested in areas like graphene.
This has resulted in some big wins and losses at times, but the customer remains convinced that strong performers can tip the balance. “Some might crash and burn but the winners outweigh the losers,” he says.
“At first the infant, Mewling and puking in the nurse’s arms.”
Stage 2, Schoolboy:
This is where his formal education starts, but he is not entirely happy with school. His mother is ambitious for him and has washed his face thoroughly before sending him off to school, but he goes very slowly and reluctantly.
“the whining school-boy with his satchel And shining morning face, creeping like a snail Unwillingly to school.”
Stage 3, Teenager:
He’s grown into his late teens, and his main interest is girls. He’s likely to make a bit of a fool of himself with them. He is sentimental, sighing and writing poems to girls, making himself a bit ridiculous.
“the lover, Sighing like furnace, with a woeful ballad Made to his mistress’ eyebrow.”
Stage 4, Young man:
He’s a bold and fearless soldier – passionate in the causes he’s prepared to fight for, and quickly springs into action. He works on developing his reputation and takes risks to that end.
“a soldier, Full of strange oaths, and bearded like the pard, Jealous in honour, sudden, and quick in quarrel, Seeking the bubble reputation Even in the cannon’s mouth.”
Stage 5, Middle-aged:
He regards himself as wise and experienced and doesn’t mind sharing his views and ideas with anyone and likes making speeches. He’s made a name for himself and is prosperous and respected. As a result of his success, he’s become vain. He enjoys the finer things in life, like good food.
“the justice, In fair round belly, with good capon lin’d, With eyes severe, and beard of formal cut, Full of wise saws, and modern instances”
Stage 6, Old man:
He is old and nothing like his former self – physically or mentally. He looks and behaves like an old man, dresses like one and he has a thin piping voice now. His influence slips away.
the lean and slipper’d pantaloon, “With spectacles on nose and pouch on side, His youthful hose, well sav’d, a world too wide For his shrunk shank, and his big manly voice, Turning again toward childish treble, pipes And whistles in his sound”
Stage 7, Dotage and death:
He loses his mind in senility. His hair and teeth fall out and his sight goes. Then he loses everything as he sinks into the oblivion of death.
second childishness and mere oblivion, “Sans teeth, sans eyes, sans taste, sans everything.”
How the experts would invest a SIPP at every life stage
With data showing how pension investors adapt their strategies over time, Jennifer Hill asks the experts how they would invest a SIPP at three life stages.
Pension investors tend to evolve their strategies over time as they balance risk and reward in line with changing objectives, risk tolerance and time horizons.
Data from interactive investor shows how fund choices typically shift as savers move from accumulation to drawdown, with a gradual shift from growth-focused strategies towards greater emphasis on capital preservation and income as retirement approaches.
Life stage investing can provide a useful starting point, provided the approach remains flexible enough to reflect individual income needs, wider assets, tax position and investor psychology.
“Early career, mid-career and retirement are useful reference points, but they are not instructions,” says Paul Richardson, managing director of Concept Financial Planning.
To provide a framework, we asked a panel of financial advisers, wealth managers and investment specialists to set out how they would construct a SIPP portfolio across three stages: early career accumulation, mid-career consolidation and the transition into retirement and beyond.
Early career: maximising growth
For investors in their 20s and 30s, the emphasis is on building capital through sustained equity exposure, with time doing much of the heavy lifting.
“The goal of an investor in their early career – until their mid-to-late 40s – should be to build a capital base and let compounding do the trick,” says Mihir Choughule, chartered wealth manager at Tideway Wealth. “If you’re a younger investor, with access to a SIPP locked until at least age 57 currently, then you have the opportunity to take equity risk and deal with the volatility, which most people should do.”
For interactive investor fund analyst Tom Bigley, a simple accumulation approach is broad global equity exposure via a passive vehicle such as the UBS Core MSCI World ETF USD acc GBP
At Canaccord Wealth, a SIPP portfolio for an early career investor would typically sit at the highest end of its multi-asset managed portfolio range, with 97% in equities.
“These investors have an exceptionally long time horizon,” says senior investment director Paul Derrien. “By contributing regularly, they are able to buy more investments at lower valuations during periods of market stress.”
He sets out a broadly global equity allocation designed to capture diversified growth across regions and styles, with fund examples as illustrative building blocks: 27% US equities (Invesco S&P 500 Equal Weight ETF Acc GBP
Across the panel, the message is consistent: early stage portfolios are overwhelmingly equity-driven, with diversification achieved through region, style and theme rather than asset class.
As Katrania Lowers, chartered financial planner at Colmore Partners, puts it: “Being too cautious too early and leaving decades of compounding on the table is a far more damaging outcome than riding out a market correction.”
Asset allocation weightings for maximising long-term compounding in early career
Asset class
Canaccord Wealth
Colmore Partners
interactive investor
Tideway Wealth
Equities
97%
80-100%
80-100
100%
Bonds
0%
0-10%
0-20%
0%
Alternatives
0%
0-10%
0%
0%
Cash
3%
0%
0%
0%
Mid-career: balancing growth and stability
For investors in their 40s and 50s, the focus shifts from pure accumulation towards balancing continued growth with greater portfolio stability, as savings pots grow and investment decisions carry more financial and emotional weight.
“What changes at each life stage isn’t the framework; it’s where you sit within it,” says Lowers. “If you’re mid-career with meaningful ISAs or other investments alongside your pension, you might still carry 80-100% equity in the SIPP because your overall wealth picture is balanced elsewhere. If the pension is your only pot, a more moderate 60-80% equity position could be appropriate.”
Choughule at Tideway Wealth also points to wider financial pressures at this stage. “The priorities may change. They may have a family and associated costs such as education fees, and earnings are often at or near their peak, so tax efficiency becomes critical.”
For Canaccord Wealth, mid-career investors would typically sit one step down the risk spectrum at profile 6, reflecting an equity allocation of around 80%. However, Derrien suggests increasing this towards 100% following a market correction before reducing exposure again as markets recover.
“We would maintain this level to, say, five years before retirement, which should provide a long enough time horizon to ensure equity markets are at a high enough level to switch to a more conservative phase,” he adds.
Asset allocation weightings for diversifying while maintaining growth in mid-career
Asset class
Canaccord Wealth
Colmore Partners
interactive investor
Tideway Wealth
Equities
80%
60-80%
60-70%
60%
Bonds
17%
20-40%
30-40%
30%
Alternatives
0%
0-5%
0%
10%
Cash
3%
0%
0%
0%
Transition into retirement and beyond: balancing income, stability and long-term growth
As investors approach retirement, the emphasis shifts towards generating income, preserving capital and managing sequencing risk – the danger that sharp market falls early in retirement can disproportionately damage a portfolio when withdrawals are being taken at the same time.
“Recovering from losses becomes harder once capital has already been sold to fund income needs,” says Bigley at ii.
, alongside high-quality government and corporate bond funds, can reduce portfolio volatility while maintaining some growth exposure.”
He cautions against becoming overly defensive. “While holding larger cash balances may feel safer, excessive cash exposure can create inflation risk over time, eroding purchasing power.”
For Choughule at Tideway Wealth, the solution is to separate short-term spending needs from longer-term growth assets. He suggests splitting assets into two pots: one focused on low-volatility fixed income to fund spending over the next five years, and another invested for longer-term growth.
The remaining portfolio can maintain higher-risk exposure through equities and diversified assets, helping preserve purchasing power.
Canaccord Wealth’s retirement portfolios move down the risk spectrum, typically to risk profile 4, reflecting around 40% equities, 47% bonds, 10% alternatives and 3% cash.
“This should provide enough certainty to avoid nasty surprises in equity or bond market falls, while still delivering returns comfortably above inflation,” says Derrien.
Colmore Partners typically holds a cash buffer outside the SIPP. “The fund adjustment is only half the job,” says Lowers. “The other priority is a cash buffer – enough to cover one to two years of income.
Lowers makes a final point for those planning ahead: the minimum pension access age will rise from 55 to 57 in 2028.
“If all your wealth is locked in a pension and you want to retire before that, structurally you can’t,” she warns. “Building across wrappers – pensions, ISAs and general investments – isn’t just tax planning. It’s key for flexibility and giving yourself options.”
For the investor who is transitioning to retirement, we have linked to the income (Inc) share class where available, although accumulation (Acc) share classes are also an option.
Asset allocation weightings for preserving capital while sustaining income in retirement
Asset class
Canaccord Wealth
Colmore Partners
interactive investor
Tideway Wealth
Equities
40%
40-60%
30-60%
30%
Bonds
47%
40-60%
40-70%
65%
Alternatives
10%
0%
0%
5%
Cash
3%
1-2 years
0%
0%
Important information – SIPPs are aimed at people happy to make their own investment decisions. Investment value can go up or down and you could get back less than you invest. You can normally only access the money from age 55 (57 from 2028). We recommend seeking advice from a suitably qualified financial adviser before making any decisions. Pension and tax rules depend on your circumstances and may change in future.
(the “Company“, together with its subsidiaries, the “Group“)
Strategic Acquisition of Senior Living Portfolio
Proposed acquisition of a Senior Living portfolio, for cash and shares issued at EPRA NTA, delivering high-single digit EPS accretion1 in the first full financial year and proposed change of Investment Objective and Investment Policy
The Board of Social Housing REIT plc is pleased to announce it has entered into a conditional agreement with Resi Portfolio Holdings Limited, a wholly-owned subsidiary of Residential Secure Income plc (“ReSI“), for the purchase of its portfolio of senior living assets for a headline purchase price of approximately £108.3 million (the “Acquisition“) to be funded via a combination of cash and newly issued Shares.
The consideration for the Acquisition is a mix of cash and newly issued Shares as follows:
· £45 million payable in cash on completion, to be funded via the Group’s own cash resources and a new £30 million debt facility (the “Cash Consideration“);
· Approximately £62.3 million to be satisfied by issue of 66,103,233 new Shares (the “InitialConsideration Shares“) on completion at an issue price equal to the Company’s EPRA NTA as at 31 December 2025 of 94.23p per Share; and
· £1 million of the purchase price will be deferred until the Completion Accounts have been finalised (the “Deferred Amount“).
What do the early stages of a stock market crash look like?
Christopher Ruane isn’t peering into a crystal ball trying to time the next stock market crash. He’s getting ready now, for whenever it comes.
Posted by Christopher Ruane
Published 9 June
Image source: Getty Images
You’re reading a free article with opinions that may differ from The Twelfth Magpie’s Premium Investing Services.
Are we heading for a stock market crash? Are we already in one that is building momentum?
Ask a dozen different investors and you may get a dozen different answers – or even more! This is an area that can both be emotive and also highly contested.
In reality, nobody knows for sure when the next crash will be. But history tells us that there will be one, sooner or later.
It can be helpful to know what a stock market can look like up close.
Slow Build Up or Sudden Plummet
A stock market crash is commonly understood to mean a decline of 20% or more in short order.
Sometimes, that can come more or less out of the blue. The pandemic was an example – even in February 2020 the market seemed to be absorbing news of its growing threat without too much impact, then in March there was a sudden crash.
But sometimes a crash can follow a bubble that builds up over years. In the end, few people deny that there is a bubble (though some always do), but they disagree about when and how it will burst.
Meanwhile, it can keep going for years. The Japanese property boom in the 1980s that fuelled a rampant stock market and subsequent crash is an example.
When people – including some very smart people – say that you cannot time the market, this can be the sort of situation they are talking about. You may have lots of rational arguments as to why a market is overvalued and you may ultimately be proven right. But trying to time when the drop starts is a mug’s game.
As the Michael Burry character in The Big Short said, “I may be early but I’m not wrong” – to which the response was, “it’s the same thing”.
Not everything moves at once
Typically, even in a sudden crash, not all shares fall as fast or as far.
Some have stronger fundamentals, while some may benefit from investors trying to fish for bargains.
But ultimately, a stock market crash can mean sizeable falls for many companies, even well run ones. For people who have not witnessed a crash before, being involved in it can be scary. That is why having a plan of action can help.
Here’s my approach
The current market looks frothy in some parts to me. But I am not trying to time the next crash.
However, I am not sitting on my hands. Rather, I am making and updating a list of shares I would like to own if sudden market turbulence makes their price more attractive.
3 strategies to try and earn money from a Stocks and Shares ISA
There is more than one way to skin a cat — and the same is true of trying to create wealth through an ISA, as our writer explains.
Posted by Christopher Ruane
Published 12 June
Image source: Getty Images
You’re reading a free article with opinions that may differ from The Twelfth Magpie’s Premium Investing Services.
How exactly can somebody use a Stocks and Shares ISA to try and earn money?
There are a number of different ways. Here are three common ones.
Capital gains
One strategy is to try and earn money thanks to capital gains. In other words, selling shares for more than they cost when bought.
That can be very lucrative depending on the shares involved.
Take Rolls-Royce as an example. The aeronautical engineer’s share price has surged 1,063% over the past five years. So £10,000 invested in June 2021 would now be worth around £116,300.
But that is a paper gain. It is not actual hard cash until the shares are sold.
An ISA can offer shelter from capital gains tax. So, it can be a tax-efficient platform within which to target wealth-building through share price growth.
But, of course, that depends on what shares are chosen – and until they are sold and any gain is crystallised, it is just a paper gain.
Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.
Passive income from dividends
An alternative approach can be to try and set up passive income streams in the form of dividends.
This is not mutually exclusive with capital gains. Rolls-Royce pays dividends, but has also delivered bucketloads of capital growth.
But as a rule of thumb, many investors classify shares as being primarily either growth or income shares.
There is no hard and fast dividing line, but British American Tobacco (LSE: BATS) is a useful illustration.
The company does still have some growth opportunities, for example in the non-cigarette tobacco business. But its main business is making and selling cigarettes.
Demand for them is declining – and likely to keep getting lower. Indeed, the company’s total revenues have fallen for several years in a row.
Still, while cigarette demand is falling, it remains a lucrative business – and British American’s portfolio of premium brands gives it pricing power.
That is why it is seen primarily as an income stock (despite a 63% share price gain in five years). It has grown its dividend per share for decades and aims to keep doing so
The current yield is 5.3%, meaning a £10,000 investment today would hopefully generate around £530 in dividends annually, even before factoring in any increases.
I see it as a share for investors to consider.
Compounding dividends over the long run
Rather than pull those dividends out as cash when paid, though, an investor could choose to leave them inside the ISA wrapper.
That would offer the advantage of the dividends being available to reinvest inside the ISA, without eating into the annual ISA contribution allowance.
Although that would not provide passive income in ready cash, over time it can be a powerful approach to building wealth and also future income streams.
To illustrate, compounding £10,000 at 5.3% annually for 20 years, it ought to be worth over £28,000. At a 5.3% dividend yield, that could then earn £1,489 in dividends per year.
There is no right way of investing, although there are plenty of wrong ways.
The right way for you, is the number of years before you want to spend your hard earned and therefore your risk tolerance.
In 2026’s complicated stock market, here’s Warren Buffett’s advice
Christopher Ruane sees some contradictions in the current stock market. So he has been taking a leaf out of a very famous investor’s book.
Posted by Christopher Ruane
Published 15 June
Image source: The Motley Fool
You’re reading a free article with opinions that may differ from The Twelfth Magpie’s Premium Investing Services.
Some years in the stock market feel very mundane. Others do not – and 2026 is certainly one of them.
Despite geopolitical uncertainty and high oil prices, AI excitement has continued to give the stock market a buzz typified by last week’s historic Space Exploration Technologies public offering.
Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from US tariffs to global conflicts, Mark Rogers and his team believe many UK shares still trade at substantial discounts, offering savvy investors plenty of potential opportunities to learn about.
The FTSE 100 has already hit an all-time high this year, although it is below that level now. But buoyant markets and a less-than-buoyant economy going hand in hand rarely ends well, as we know from history.
So, as an investor, what am I doing?
Learning from experience
I am sticking to what I regard as time-tested stock market principles, rather than going along with narratives such as “this time is different” or “AI changes everything”.
AI may (or may not) change a lot – time will tell. But, as with the 2008 financial crisis, dotcom boom and countless earlier crashes, technological or financial innovation does not make the whole market different forever. Fundamental principles of finance and investing tend to reassert themselves over time.
I definitely reckon parts of the stock market look frothy right now. But I am not wasting time trying to time the market. After all, while history tells us there will be a stock market crash sooner or later, nobody can know for sure when that will be.
Instead, I am looking to the wisdom of billionaire investor Warren Buffett, who has lived through multiple stock market booms and crashes.
Sticking to longtstanding valuation principles
Buffett has said that, when people are greedy, it is time for investors to be fearful – and, conversely, when people are fearful, to be greedy.
With some AI-related valuations lately, I have definitely seen a lot of greed in the market.
So is it time to be fearful? In sectors where valuations look heavily stretched, I think so.
But elsewhere, I continue to spot what I think look like potential bargains, using traditional valuation metrics.
Such metrics may have fallen somewhat out of fashion lately (as they often do when the stock market gets very excited) – but I believe they are as relevant as ever.
