Ediston posts NAV hike but forecasts slowdown in 2019

Scotland-based Ediston Property Investment Company saw its net asset value jump by 67.1% to £243.7m, in its annual report and accounts for the year ending 30 September. EPIC increased its borrowing, raising £90m in new equity, and acquired assets valued at £146.8m. These included four retail parks for £144m and a development site for £2.8m. EPIC’s portfolio focuses on regional parks, protecting it from high street and shopping centre declines. Its NAV increased by 67.1% to £243.7m, with a total return of 8.9% NAV per share – a 3.6% increase, from 111.3p to 115.3p. EPIC investment manager Calum Bruce said