Real Estate
Value-add and income-producing real estate in supply-constrained markets.
Strategies / Real Assets
Overview
Our real estate strategy acquires assets where income can be improved through leasing, repositioning, capital works or better management, rather than relying on cap-rate compression.
We concentrate on sectors supported by structural demand — logistics and last-mile industrial, healthcare and social infrastructure, and living sectors including build-to-rent and seniors accommodation.
Assets are underwritten on replacement cost, tenant covenant strength and lease duration, with conservative gearing and hedged interest exposure.
Value-add
Primary risk profile
Income + growth
Return composition
APAC
Core geography
What We Look For
- Industrial, logistics and last-mile distribution
- Healthcare, medical and social infrastructure
- Living sectors including build-to-rent and seniors
- Value-add repositioning and selective development
Our Approach
Location discipline
Supply-constrained submarkets with demonstrable tenant demand.
Asset management
Hands-on leasing, capex and operating cost programmes.
Capital structure
Conservative loan-to-value with hedged, term-matched debt.
ESG
Energy performance and building efficiency upgrades on acquisition.