Fundamental to our strategy are three key pillars of activity which should combine to deliver an attractive, income-led total property return:
- Disciplined Capital Allocation: picking the right markets and assets to create the right portfolio shape by actively managing the portfolio composition and adapting our capital deployment according to our assessment of the property cycle.
- Operational Excellence: optimising performance from the portfolio through dedicated customer service, expert asset management, development and operational efficiency.
- Efficient capital and corporate structure: we aim to underpin the property level returns from our portfolio with a lean overhead structure and appropriate financial leverage through the cycle.
The combination of these three elements should translate into sustainable, attractive returns for our shareholders in the form of progressive dividends and net asset value growth over time.
Our goal is to be the best owner-manager and developer of warehouse properties in Europe and a leading income-focused REIT.
Our portfolio comprises modern big box and urban warehouses which are well specified and located, with good sustainability credentials, and which should benefit from a low structural void rate and relatively low-intensity asset management requirements. Our assets are concentrated in the strongest European submarkets which display attractive property market characteristics, including good growth prospects, limited supply availability and where we already have, or can achieve, critical mass.