Portfolio Construction

The Company’s portfolio is compiled with a focus on providing debt for completed institutional quality ‘fit-for-purpose’ assets, and the construction of assets in the office, retail, hospitality, residential (including residential for sale, multi-family for sale or rented), light industrial, student accommodation and logistics sectors with the potential for long-term cash flow generation.

Collateral assets will typically benefit from strengths in the following areas:

• ​Competitive position - ability to consistently attract tenants;
• Location;
• Supply-constrained markets;
• Build quality, age and condition; and
• Marketability through investment cycles

The Portfolio comprises​ exposures to whole loans, subordinated loans and other debt instruments and a proportion consists of more structured debt products, such as development loan. It is considered that such a hybrid strategy encompassing both whole and subordinated loans delivers a better risk and return dynamic than a pure subordinated loan strategy.