Investment Policy
It is proposed that the Company will achieve its investment objective from a diversified portfolio of commercial properties and property securities situated in the United Kingdom ("UK"), Europe and the USA. The underlying philosophy is for the Company to make investments into commercial properties and property securities concentrating on the retail and office sectors.
The investments will be made in the form of equity and subordinated loan notes invested into special purpose entities ("SPEs") which will in turn invest in property and/or property related securities on a leveraged basis. In addition the Company may invest in mezzanine debt secured by real estate assets.
Properties and property related securities will be selected where value can be added through active asset management and enhancement of underlying assets.
Assets that have reached maturity with little opportunity for further value enhancement will be traded for assets with development potential.
Investment opportunities will be identified by the Investment Manager and its advisers through agents and other third parties. Investment approval processes have been established to ensure all acquisitions (and disposals) are thoroughly screened while utilising proper due diligence procedures.
