Website use

Orchard Street takes reasonable steps to ensure that the information contained in these web pages is accurate and up to date.

Orchard Street may amend sections and add, replace, or remove information without notice.

If you have any questions concerning the use of the information or documents provided by Orchard Street or the information contained on the web pages you must seek competent legal advice.

From time to time we may provide links from this web site to, and content from certain other web sites and resources for your convenience. These other sites and resources are not part of our web site. We do not guarantee or accept responsibility for the completeness or accuracy of any information presented on or available through any of these other web sites, nor is such information endorsed by us.

We will not be responsible in any circumstances for any consequential or incidental damages (including but not limited to loss of profits, loss of privacy and loss of data) or for any other indirect, special or punitive damages whatsoever that arise out of or that are related to the use of this web site.

This website and most of its content is owned by Orchard Street. You may print out individual articles or pages for your private use or for non-commercial research within your organisation, but such content remains the sole and exclusive property of Orchard Street and the concerned third party owners. Except in respect of regulatory matters falling within the rules and jurisdiction of a specific professional regulator or where otherwise provided herein, your use of this web site will be governed by and construed in accordance with the laws of England and Wales and any disputes will be decided only by the courts of England and Wales.


Nothing contained on this web site shall constitute an offer to sell or a solicitation of an offer to sell any security or any other investment product or service.


Financial Crime

Orchard Street is committed to conducting business according to high standards of business integrity. We have a zero-tolerance policy in respect of Financial Crime. We require those with whom we have business relationships to have and maintain a like policy and appropriate procedures for combating Financial Crime.

Orchard Street Investment Advisers Limited (“OSIA”)

OSIA is a wholly owned subsidiary of Orchard Street Investment Management LLP and is authorised and regulated by the Financial Conduct Authority under FRN 461061.

UK Stewardship Code 2020

Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, OSIA is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council's (“FRC”) Stewardship Code (the “Code”) or, where it does not commit to the Code, its alternative investment strategy.

The Code was first published by the FRC in July 2010 and it was updated in September 2012. Subsequently, the FRC published the new UK Stewardship Code 2020 (“2020 Code”), which took effect from 1 January 2020, and consists of 12 “Principles for asset owners and asset managers” and 6 “Principles for service providers”.

The Code generally applies on a “comply or explain” basis. As a voluntary standard, it aims to enhance the quality of engagement between institutional investors and companies, to help improve long-term returns to shareholders, and to provide for the efficient exercise of governance responsibilities by setting out good practice on engagement with investee companies that institutional investors should aspire to.

The FRC defines “stewardship” as “the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.”

OSIA predominantly provides discretionary portfolio management and advisory services with a strategy in respect to indirect investments of investing in real estate equities and real estate investment trusts traded on regulated markets (or comparable markets). However, the resultant holdings are of an insignificant size and voting power, and the Firm does not, save in respect of normal shareholder engagement expected of a reputable and experienced investment manager, and particularly with respect to ESG issues engage proactively on an ongoing regular basis with investee companies and investment trusts.

While OSIA supports the objectives underlying the Code and adheres to the highest standards of corporate governance and due diligence in respect of its investments, OSIA, having considered the 2020 Code, believe that the Principles of the Code are not applicable to its investment activities at this time. Should that change in the future, OSIA will review its commitment to the Code and update this disclosure accordingly. This disclosure will be reviewed at least annually. For any questions regarding this disclosure email  pgadsden [at] (pgadsden[at]orchard-street[dot]co[dot]uk)