Wynnstay Properties

What Wynnstay Properties does

Wynnstay Properties plc is an AIM-listed commercial property investment company incorporated in 1886 and headquartered in London (Riverbank House, 2 Swan Lane). Originally a residential property developer and manager in Kensington, the company divested its residential portfolio in 1972 and has since operated exclusively as a commercial property investor. It listed on the Alternative Investment Market of the London Stock Exchange in September 1995 under ticker WSP (ISIN: GB0009842898) and is structured as a UK public limited company with a lean 1–10 employee headcount and a directly-managed (rather than externally-managed) operating model.

The company's core asset is a portfolio of 18 freehold and virtual freehold properties concentrated in Southern and Central England, focused on light industrial and trade-counter warehouses with multi-let configurations that diversify tenant risk. Reported investment property book value stands at £46.3M (FY2026) and equity shareholders' funds at £32.7M (FY2026). Revenue is generated almost entirely through rental income from this directly-managed portfolio, supplemented by capital appreciation realised through active asset management, refurbishment, and selective development. For the year ended 25 March 2026, property income reached £2.89M, up from £2.69M in FY2025 and £2.60M in FY2024, with a 5-year cumulative NAV per share growth of 28.2% (911p to 1,168p) and dividend per share growth of 28.6% (21.0p to 27.0p). Investments are funded through retained profits, capital recycling from disposals, and modest loan-to-value borrowings (largely fixed-rate) from Handelsbanken.

Wynnstay Properties primarily targets private investors seeking exposure to commercial property without direct ownership responsibilities, delivering rising dividend income and capital appreciation. Distribution channels include the AIM listing with Zeus Capital as nominated adviser and broker, RNS announcements, an Investor Meet Company platform for virtual results presentations, and an AGM held at The Royal Automobile Club in London. The company adopts the Quoted Companies Alliance (QCA) Corporate Governance Code and is supported by a professional adviser network including MUFG Corporate Markets (registrar), S&W Partners Audit (auditor), BNP Paribas Real Estate (valuer) and Fieldfisher (solicitors and company secretary). Ownership is concentrated, with Non-Executive Chairman P.G.H. Collins holding approximately 31.55% of voting shares and roughly 43.2% of voting shares not held in public hands.

Name

Wynnstay Properties

Legal name

Wynnstay Properties plc

Website

https://wynnstayproperties.co.uk

Company type

Public

Founded year

1886

Operating status

Operating

Headcount range

1–10 employees

Short description

A directly-managed AIM-listed commercial property investment company holding 18 freehold light industrial and trade-counter warehouses across Southern and Central England, generating rental income and capital appreciation for private investors through a diversified, multi-let portfolio.

Ownership category

akta.pro rank

Product category

Commercial Property Investment

NAICS

Other Financial Investment Activities (5239)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Commercial property investment
• Light industrial property
• Trade counter warehouse
• Property portfolio management
• AIM listed REIT

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Property Rental Income: The company generates rental income from a diversified portfolio of commercial properties including light industrial and trade-counter warehouses. Properties are multi-let to reduce tenant concentration risk. Income is secured from a wide range of occupiers across private and public sectors.
2. Capital Appreciation: The company achieves capital appreciation through active direct management, tenant engagement, refurbishment, and selective development over time. Assets are disposed of when appropriate and capital is reinvested in assets offering better long-term returns.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Wynnstay Properties plc is a long-established AIM-listed property investment and development company that directly manages a diversified and resilient commercial property portfolio focused on light industrial and trade-counter warehouses in Southern and Central England. The company generates rising dividend income and capital appreciation for shareholders through active direct asset management, refurbishment, and selective development. Investments are funded through retained profits, capital recycling from disposals, and modest loan-to-value borrowings from an experienced property lender.

Product overview

Wynnstay Properties plc is a long-established AIM-listed property investment and development company. The company operates as a single, unified commercial property investment business without distinct product modules or separate offerings. Its core product is a directly-managed commercial property portfolio focused on light industrial and trade-counter warehouses across multiple locations in Southern and Central England, generating rental income and capital appreciation for private investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Investment Portfolio

Quantifiable outcome

• 28.6% dividend growth over 5 years (21.0p to 27.0p per share)
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• S&W Partners Audit LimitedcoreImplementation/ SI/ Consulting PartnerS&W Partners Audit Limited acts as the Auditors for Wynnstay Properties, providing annual audit and financial statement services. Located at 4th Floor Cumberland House, Southampton.
• BNP Paribas Real Estate Advisory & Property Management UK LimitedcoreStrategic or Co-development PartnerBNP Paribas Real Estate serves as the Valuers for Wynnstay Properties portfolio. Provides property valuation services and advisory support.
• FieldfishercoreImplementation/ SI/ Consulting PartnerFieldfisher acts as Solicitors for Wynnstay Properties, providing legal services. Fieldfisher Secretaries Limited also acts as Company Secretary.

Scale indicators9 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• British Land Company plc: Large-cap UK REIT investing in office, retail, and increasingly logistics/industrial assets. Comparable as a major UK property investment platform; Chris Betts (Wynnstay's MD) spent 11 years at British Land.
• Land Securities Group plc: Large-cap UK REIT with diversified commercial property exposure including logistics. Comparable as a major UK commercial property investor and benchmark for industry multiples.
• Tritax Big Box REIT plc: UK-listed REIT focused on large-scale logistics warehouses. Overlaps with Wynnstay's industrial/warehouse sub-sector, but at a far larger scale and focused on big-box rather than trade-counter units.

Direct peers

• Regional REIT Limited: Small-cap UK-listed REIT focused on regional commercial property (offices and industrial) outside the M25. Highly comparable scale and strategy of directly-managed regional UK commercial assets.
• Custodian REIT plc: Small-cap UK REIT investing in UK commercial property, predominantly regional offices and industrial/warehouse assets, targeting income and capital growth for shareholders. Directly comparable in size, structure, and sub-sector exposure.
• Real Estate Investors plc: Small-cap AIM-listed UK commercial property investment company focused on regional offices and industrial assets. Highly comparable given similar size, AIM listing, Midlands-focused portfolio, multi-let structure, and direct management approach.
• Helical plc: UK-listed property investment and development company focused on office and industrial assets. Comparable as a London-listed active manager of UK commercial real estate, though larger and more development-oriented.
• Picton Property Income Limited: UK-listed diversified commercial property investment company investing across multiple sectors including industrial. Similar size bracket, dividend-focused mandate, and UK regional exposure.
• Schroder Real Estate Investment Trust: Small-cap UK REIT focused on direct ownership of UK commercial property. Comparable in size and direct-ownership, income-oriented strategy, though sub-sector mix differs.

Emerging players

• Target Healthcare REIT plc: UK-listed small-cap REIT focused on modern, purpose-built care homes. Comparable in size and dividend-growth strategy, though in a very different property sub-sector.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wynnstay-properties

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wynnstay Properties