pdf-articles Ratings /ratings/en/research/pdf-articles/201028-presale-pearl-finance-2020-dac-11653739 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Presale: Pearl Finance 2020 DAC

The underlying assets are geographically diversified across six countries and are generally positioned in strategic locations within proximity to key population centers. The top 10 properties represent 58% of the total portfolio market value, with the largest property accounting for 15% and no other property accounting for more than 8.5%. Beyond the largest two tenants--the Elis Group and DSV Solutions (22.7% and 8.5% of rental income respectively) -- the tenant base is diverse and provides a granular income stream with no single tenant representing more than 3.2%. Idiosyncratic factors affecting a particular industry, tenant, or region are therefore limited. The light industrial and logistics sector has experienced strong demand in both the occupational and investment markets over the past five