Our Investment Strategy
The Group's investment policy is to seek exposure to high quality, income producing office, retail and industrial properties. Property investment transactions include, but are not limited to, sale and leaseback transactions and acquisitions of single properties or portfolios of properties. The Group seeks to achieve a wide exposure to different tenants in order to diversify risk.
Investment opportunities are also sought in development property (which may include establishing joint ventures with developers) to the extent to which these investments can be structured to allocate the majority of the development risk and/or risks related to leasing the assets to the developer or another third party.
Up to five percent of the Group's investments may be in land which is yet to be developed and up to a further five percent of the group's investments may be in assets that are not income producing at the time of acquisition, but which can be converted and/or refurbished post acquisition to become income producing.
The Group's initial investment focus is mainly on Romania, but the Group also considers investment opportunities elsewhere in Central and Eastern Europe. Properties are acquired primarily through SPVs and operated with a view to optimising income in a sustainable manner. Investments are made with a view to holding the investments in the long term, but may be disposed of and the funds re-invested if this is believed to be advantageous to the long-term investment income performance of the Company.
Uninvested funds of the Company may be invested in what the Directors believe to be appropriate listed properties securities or appropriate liquid money market instruments.
