March activity update | Exchange of London's house

We publish Portfolio performance of Q4-2022 on January 31, 2023.

We will publish our next quarterly performance report (portfolio performance Q1-2023) on April 28, 2023: this will include annual revaluations for all properties, carried out by independent collegiate topographs accredited by Rics.

Today's update covers an important activity in March:

1. Capital funds and votes of the shareholders
2. Investment Plan All-Share LHX
3. 5 -year anniversary properties
4. Rather of property dissemination by property

1. Capital funds and votes of the shareholders

In March, 3 properties required a new capital to strengthen its financial position:

For the 3 properties, the shareholders voted for collections of capital funds instead of auction sales.

The 3 collections of capital funds completed successfully, raising £ 248,000. This marks the third successful round of capital funds, for which 13 properties have raised £ 1.6 million, resulting in significantly stronger balances with which to pursue the provisions of ordered units that maximize sales prices.

2. Investment Plan All-Share LHX

March was the second month of Better's direct investment in the exchange. This investment is creating greater liquidity and a more efficient price throughout the market.

Together with Better's investment in March, the funds invested in the Investment Plan All-Share LHX They have been successfully implemented. From the beginning in February, the All-Share has delivered a convincing portfolio:

• February: 39 Properties, 25% discount to the vacant possession value (after all rates and taxes) that represents a 34% unrealized capital gain
• March: 32 Properties, 27% discount to vacant possession value (after all rates and taxes) that represents a 37% unrealized capital gain

There are 2 days left to participate in the next round. Customer funds are invested monthly and our April deployment It is open for funds until 11.59 pm on Friday, March 31.

3. 5 -year anniversary properties

The following 5 properties completed their 5 -year anniversary process in March and the elimination process has begun:

4. Rather of property dissemination by property

In last month's update, we report that All residential properties Now it will be shown INDIVIDUAL UNIT DETAILS In a new tab in the “Financial” section. Now we have taken this one step further and we provide unity information per unit even more detailed for each property.

Now, for each unit that is currently done, you can see the purchase price, the latest independent valuations, the hired rent and the 'state' of each unit, for example, vacancy, under offer, etc.

For each unit sold, you can see the purchase price, the latest independent valuations and the sale price. For both, we show total, as well as any premium or discount for the purchase price. Below is an example, Blackfords Court, Cannock:

If you have questions about this update, send us an email to [email protected]

Best wishes,

The LHX team