Income
Durable cash flow from well-located assets with defensible occupier demand.
- Typical assets
- OfficesPrime retailResidential
Selective
by Design.
Two markets, three areas of focus, and five tests applied to every asset.
Underwriting · Five tests, every asset
Location and Income and Asset Quality and Execution and Exit.
Location
What we look forEstablished submarkets with durable occupier demand.
What ends itWeakness that cannot be fixed.
Income
What we look forTested against realistic leasing assumptions.
What ends itIncome that cannot be defended.
Asset quality
What we look forBuildings that stay competitive for future owners.
What ends itAsymmetric downside.
Execution
What we look forA plan that can be delivered, not only modelled.
What ends itToo many assumptions.
Exit
What we look forIdentifiable buyers and demand at sale.
What ends itDependence on one outcome.
One investment case.
Investment parameters
Our Mandate at a Glance
- Geography
- London
- Amsterdam
- Strategies
- Income
- Repositioning
- Hospitality
- Asset characteristics
- Established locations
- Understandable downside
- Clear business plan
- Ownership
- Direct or investor-controlled
- Hold period
- Asset-specific
Areas of focus
Income, Repositioning, Hospitality.
Repositioning
Assets with identifiable potential to improve occupancy, income and long-term value.
- Typical assets
- OfficeMixed-useUnderutilised buildings
Hospitality
Operating real estate where location, operator quality, trading performance and asset fundamentals support long-term value.
- Typical assets
- HotelsServiced apartmentsExtended-stay accommodation
From potential to performance
The Repositioning Journey
Every repositioning runs the same five stages. The line resolves as the work is done.
Acquire
Current position
Diagnose
Leasing, capital and use
Execute
Targeted works and letting
Stabilise
Income and occupancy
Realise
Stabilised position
Indicative sequence, not a forecast.