The business of managing direct real estate investments is unlike that of managing a traditional portfolio of equities. Real estate, whether it be in the form of a hotel, an office building, an industrial estate or retail shopping complex, is generally capital intensive, takes time to mature and is an illiquid asset class.
As a result, we take a long-term approach to real estate investment.
We believe there are three distinct opportunities to create value throughout an asset's investment lifecycle, being:
- upon acquisition
- through ongoing management, and
- in the timing and positioning of divestment.
Superior market intelligence is required to:
- ensure that an asset is acquired at an appropriate price
- identify appropriate value-enhancing opportunities, and
- manage the asset for optimum yield return, and correctly identify the peak period in which to eventually divest the asset