Investment Approach

We seek to identify real estate assets with high intrinsic quality, but where recent pricing has been impacted by excessive market pessimism towards a specific sector. We then seek to de-risk our positions once sentiment has recovered and/or value has been created through Active Management. Our approach to capital allocation is therefore primarily driven by our understanding of cycles, meaning that we are comfortable in taking counter-cyclical positions as demonstrated by our regional office and retail warehousing strategies.