Investment Strategies

For every tailored strategy, we aim to achieve full alignment of interest to deliver superior returns over the holding period
of the investment.  
Core investments

Core investments are suitable for most conservative investors comfortable with single digit returns, lowest risk and highest liquidity throughout market cycle. The strategy does not rely on yield compression. We secure core product and apply defensive asset management strategies to minimize downside risks while benefiting from rental growth that drives capital appreciation.

Core-Plus strategies bring improved return at modest risk either through underwriting of a low number of manageable value-add initiatives or embracing smaller systemic risk. Liquidity is secured when exiting outside of market throughs. In up markets, moderate leverage magnifies rental growth and modest yield compression.
Value-Add investments represent an attractive trade-off between double digit returns and manageable risks. These are taken on through at least three value-add initiatives such as leasing major vacancy, refit of common areas or various sustainability improvements. Return is further channeled through targeted yield compression and substantial leverage. Liquidity is improved upon project completion prior planned exit.
Opportunistic investments represent rare, negotiated situations where multiple manageable value-add initiatives intercept with acquisition price at or below replacement costs and a creative approach to optimize capital structure. This strategy is suitable for investors with a similar view of the opportunity or maximum trust in our investment acumen. Liquidity is limited prior stabilization of the business plan or market conditions.

Conversions

Independent of the investment strategy, we always seek to achieve lasting positive impact on environment and societies. In line with our promise, sustainability is also essential for achieving the best financing conditions and exit terms.