Strategy
Our long-term investment strategy is to maintain a balanced portfolio of modern properties, with potential for long-term rental and capital growth. We also look to expand our portfolio as and when appropriate, through selective development of and investment in new properties and by actively managing existing buildings, to improve income and capital appreciation. Mature assets with limited growth prospects are sold and the proceeds either reinvested in new property, or used in other ways to enhance shareholder value.
Our short-term investment strategy is determined by market conditions. We believe that the precise timing of acquisitions and disposals is crucial for boosting returns from our property portfolio. We are constantly monitoring tenant demand and investor confidence for signs of changes in the property cycle and are well positioned to capitalise on any opportunities that may arise.
We aim to acquire modern, securely let investment properties, when the demand from investors is weak and values are low and only commit ourselves to new speculative developments when economic conditions are stable and occupier markets are strong. Property disposals are made when the investment market is robust and rental levels have either peaked or are unlikely to improve in the foreseeable future.
Given the vagaries of the property market it is of paramount importance that we continually assess our position in the market, in order to take immediate advantage of any opportunities that arise. We are continually monitoring market conditions to take advantage of investment and development opportunities that meet our strict criteria for long term growth potential.