We concentrate capital in sustainable locations. We diversify income risk through a bias towards multi-let and often multi-use assets. We deliver alpha through operating assets in partnership with occupiers to capture asset management upside.
SUSTAINABLE LOCATIONS
We do not to take location risk. Instead, we concentrate capital on vibrant, urban locations where there is deep occupational demand and plan to hold for the long-term.
Sustainable locations are dynamic. They offer a 24/7 experience for people to live, work, shop and take their leisure.
Our preferred locations are characterised by strong demographics; robust infrastructure, skilled workforces, supply constraints, a diverse occupier base, and high alternative use value.
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DIVERSIFIED INCOME
We mitigate credit risk where possible by taking a high level of tenant diversification at both property and portfolio level.
At asset level, this leads us to follow a principally multi-let and mixed-use strategy. We choose buildings that meet occupiers’ needs now and can be adapted as they evolve in the future.
At portfolio level, we seek low tenant concentration and low industry sector correlation. A diversified lease expiry profile mitigates income expiry concentration risk.
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ASSET MANAGEMENT UPSIDE
We prioritise occupier satisfaction. We have high occupier retention rates and low voids.
Maintaining strong occupier relationships and ensuring buildings remain fit for purpose increase the odds that the occupier renews. We prioritise regular occupier interaction, rapid response to their concerns and we use information to adapt strategy.
Our staff are incentivised to deliver on asset improvement plans. We exploit untapped potential to enhance value through active management.
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