Legal

Website use

Orchard Street Investment Management LLP (“Orchard Street”) takes reasonable steps to ensure that the information contained on this Website (“Site”) 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 this Site you must seek competent legal advice.

From time to time we may provide links from this Site to, and content from certain other web sites and resources for your convenience. These other sites and resources are not part of this 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 Site.

This Site 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 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 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.

Copyright and other intellectual property rights

Nothing in these Terms or on the Site may be interpreted so as to grant to you, directly or indirectly, expressly, by implication, estoppel or otherwise any right or licence to any trade mark or service mark reproduced on the Site, or the use of any of the Site Content, without the prior written consent of Orchard Street. Any commercial use or exploitation of the Site or the Site content is strictly prohibited. All goodwill generated from the use of any trademarks and service marks appearing on this Site will inure to the exclusive benefit of Orchard Street and our licensors. 

Except as expressly authorised by Orchard Street, you must not modify, copy, reverse engineer, reverse assemble or otherwise attempt to discover any source code in the Site or Site content, or to frame, scrape, rent, lease, loan, sell, assign, sublicense, distribute or create derivative works based on, or otherwise transfer any right or interest in the Site or Site content, in whole or in part. In connection with your use of the Site or Site content you will not engage in, facilitate or authorise use any data mining, robots, scraping or similar data gathering or extraction methods. If you are blocked by Orchard Street from accessing the Site or any part of it (including by blocking your IP address), you agree not to implement any measures to circumvent such blocking (e.g., by masking your IP address or using a proxy IP address). Any use of the Site or Site content other than as specifically authorised in these Terms is strictly prohibited. The technology and software underlying the Site or distributed in connection therewith are the property of Orchard Street, its affiliates and its and their licensors. Any rights not expressly granted herein are reserved by Orchard Street and its licensors. All Site content is provided for your personal, non-commercial use only. 

You shall not use, and we do not consent to the use of, our Site, or any data published by, or contained in, or accessible via, our site or any services provided via, or in relation to, our site for the purposes of developing, training, fine-tuning or validating any AI system or model. 

Site Content

The information and material contained on the Site should not be construed as a solicitation or offer, or recommendation, to acquire, buy or dispose of an interest in any security, including an interest in any investment vehicle advised by OSIA (as defined below), nor shall your being provided access to this Site form the basis of, or be relied on in connection with, any contract or investment decision. OSIA does not give any advice or make any representations through the Site as to whether any security or other financial product is suitable to you or will be profitable. Decisions based on information contained on the Site are the sole responsibility of the visitor. The information and opinions displayed on the Site are provided solely for informational purposes only and are subject to change without notice. Nothing contained on the Site constitutes investment, legal, tax or other advice nor is it to be relied upon in making an investment or other decision.

You must not rely on the information displayed on the Site but must use your own skill and judgment to ascertain whether any product and/or service is of a suitable nature for your need and purpose. Professional or specialist advice should be sought before taking, or refraining from, any action on the basis of the content on our site. Unless otherwise specified, all content and materials published on the Site are presented solely for your private, personal and non-commercial use. If accessing the Site or any material or content on the Site infringes any applicable law in your jurisdiction(s), you are not authorised to access or use the Site and you must cease use immediately.

Confidentiality

We are unable to guarantee the confidentiality or security of any data passing via the Site. Accordingly, your use of the Site is at your own risk. 

Governing Law

These Terms, any contract arising between you and Orchard Street subject to these Terms, and any dispute or claim arising out of these Terms (including any dispute regarding the existence, validity or formation of a contract under these Terms) shall be governed by the laws of England and shall be subject to the exclusive jurisdiction of the English Courts. 

Contact Us

If you have any questions, please contact us at info [at] orchard-street.co.uk (info[at]orchard-street[dot]co[dot]uk)

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 2026 – Website Disclosure (COBS 2.2.3R)

Under COBS 2.2.3R of the FCA’s Conduct of Business Sourcebook, OSIA is required to disclose on this website the nature of its commitment to the Financial Reporting Council’s (“FRC”) UK Stewardship Code 2026 (the “Code”) or, where it does not commit to the Code, its alternative investment strategy. 

ABOUT THE UK STEWARDSHIP CODE 2026

The Code, published by the FRC and effective for reporting from 1 January 2026, sets out the core principles of effective stewardship and a high standard of transparency for asset owners and asset managers, and for service providers that support them. The Code is voluntary. It is structured around an “apply and explain” approach, supported by a Policy and Context Disclosure (submitted at least every four years) and an Activities and Outcomes Report (submitted annually) for those seeking to be, or remaining, signatories. The Code describes stewardship as the responsible allocation, management and oversight of capital to create long-term sustainable value for clients and beneficiaries.

OSIA’S POSITION

OSIA supports the objectives of effective stewardship. However, OSIA is not currently a signatory to the Code and does not, at this time, consider it proportionate to seek signatory status.

This is because OSIA’s investment activities typically result in small, diversified holdings in listed real estate securities (including real estate equities and real estate investment trusts) and therefore limited voting power and influence on investee issuers. In these circumstances, OSIA’s stewardship activity is generally limited to the normal shareholder engagement expected of a reputable investment manager, and is undertaken selectively and proportionately, particularly where issues are material (including ESG-related matters).

OSIA’S ALTERNATIVE INVESTMENT STRATEGY (IN GENERAL TERMS)

OSIA predominantly provides discretionary portfolio management and advisory services. In relation to indirect investments, OSIA’s strategy is primarily to invest in listed real estate equities and REITs traded on regulated markets (or comparable markets). Portfolios are constructed with an emphasis on diversification, liquidity, and risk management, and investment decisions are based on financial analysis and (where relevant) consideration of material long-term risks and opportunities. 

OSIA does not generally pursue an activist or control-oriented approach to ownership in listed issuers given the insignificant size and voting power of positions typically held. However, OSIA does undertake 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.

REVIEW AND CONTACT

OSIA will keep this disclosure under review and will reassess the relevance of seeking signatory status if its investment activities change such that the Code becomes more applicable to its stewardship approach.

Last updated: 31 March  2026
For questions regarding this disclosure, please email info [at] orchard-street.co.uk (info[at]orchard-street[dot]co[dot]uk)