Strategy
The company’s strategy is to exploit the current cyclical weakness in the real estate market, in particular through opportunistic acquisitions, active asset management and judicious use of non-recourse finance to enhance shareholder returns. The focus will be on UK real estate assets and the intention is to seek out investments wherever and in whatever asset class the directors consider the best opportunities lie without specific restrictions on the size of a single investment, exposure to a specific asset class, or a particular type of tenant or geographical area.
The intention of the directors is to create significant value for shareholders principally through:
- exploiting the current weakness in the real estate sector;
- targeting properties which meet specific investment criteria:
- properties that are well located for their use;
- that have scope for medium term value enhancement through active asset management;
- where downside is protected either through long term, secure rental flows or through underlying capital values either in existing or alternative uses;
- using borrowings with a view to enhancing equity returns;
- enhancing rental and capital growth through active asset management;
and then returning value to shareholders over the investment cycle.
