We invest on our own account: we buy, build, manage and sell. This is the difference between an investment house and an adviser, and it shows in the way a valuation is built.
Area, assets and projects in progress.
The first figure covers everything built and delivered over the years of our work. The second is the area we manage today: assets are sold, and the managed portfolio turns over with them.
We have been the buyer, and we have been through diligence as the seller. Our materials therefore close in advance the questions on which transactions usually stumble.
An adviser who misprices an asset loses reputation. An owner who misprices their own asset loses money. We are in the second position.
Managing a property means tenants, maintenance, reporting and vacancy. An asset that has been run by hand is valued against reality.
Acquisition, cleaning up the title and lease perimeter, management, exit.
An operating business: occupancy, service standard, distribution channels and the management company.
Permitted use and consents, concept, project economics, project finance.
Participation in assets passing through the M&A practice, on terms disclosed to the parties to the transaction.
🔴 Conflicts of interest are disclosed in advance. Any participation in an asset we are selling under a client mandate is communicated to the owner in writing before work begins, and the decision remains theirs.
Assets passing through us are shown to a limited circle before they reach the open market.
This is a closed circle: composition and terms are disclosed after a confidentiality agreement is signed and the party has been vetted. The materials are informational and serve a reference purpose.