What makes us different?
Our investment policy is not benchmark-driven. We seek to identify assets which are mispriced, through a detailed analysis of risk and the property fundamentals, combined with good knowledge of the local occupational market.
We look to acquire assets which we can improve to institutional grade property. The investment policy is not rigidly benchmarked against a traditional property relative-return benchmark. We believe it is more important to create a sustainable diversified portfolio where each asset can ultimately offer strong and potentially improving cash flow.
We aim to achieve our investment strategy by targeting ‘core-plus’ properties with a net yield, during the hold period, in excess of 6.5%.
The ability to unlock value is key to delivering superior returns. We have a well-resourced investment manager, which seeks to identify value-adding opportunities for each asset.
We have a generous ratio of property to surveyor which ensures all asset management initiatives can be identified and properly followed through to execution. Generally three to six projects are allocated to each surveyor, but given the diverse skill-set of the team, it is usual to have more than the one member of the team involved on a project.
This ensures we know how the assets ‘live and breathe’, how they fit into the location and economic environment and what opportunities and risks exist beyond general market movements. It is then all about assessing the quality of and risks to the cash flow. In our opinion, successful property investment is about ‘cash-flow first, bricks and mortar second’.
Experienced and Well Advised
Our investment manager has a wealth of experience in the real estate sector, with the team members possessing an average of over 20 years’ experience each.
The senior directors have significant institutional fund management experience; the rest of the team has strong property company and developer experience covering all sectors of the UK market. All of the team has a strong track record of and continued focus on improving the value of our assets through intensive and entrepreneurial asset management.
The investment manager regularly reports to the Board of Directors, two of which have experience in the UK real estate market.