Development & Income

Real Estate

We own and develop functional, income-producing property—acquired at sound yields, financed conservatively, and held for the long term.

What we do

We approach property as an operating business, not a speculation. We invest in simple, well-located assets with dependable tenants and inflation-linked income. Our focus is on durability: quality tenants, pragmatic design, and conservative financing. We favour neighbourhood retail, light industrial, and logistics properties that generate steady cash flow and appreciate quietly through stewardship and time.

Investment Criteria

Attractive yield on cost; conservative underwriting

Acquire at a sound basis with prudent assumptions on rent, occupancy, and financing; ensure cash yields are sustainable through cycles.

Creditworthy tenants; aligned leases

Predictable income via fair escalations, clear maintenance terms, and tenant relationships built on longevity and trust.

Locations with lasting relevance

Sites tied to logistics access, employment nodes, or community infrastructure that maintain utility through economic shifts.

Sensible capex & active stewardship

Functional design, proactive maintenance, and thoughtful upgrades that preserve value and protect returns over time.

Attractive yield on cost; conservative underwriting

Acquire at a sound basis with prudent assumptions on rent, occupancy, and financing; ensure cash yields are sustainable through cycles.

Creditworthy tenants; aligned leases

Predictable income via fair escalations, clear maintenance terms, and tenant relationships built on longevity and trust.

Locations with lasting relevance

Sites tied to logistics access, employment nodes, or community infrastructure that maintain utility through economic shifts.

Sensible capex & active stewardship

Functional design, proactive maintenance, and thoughtful upgrades that preserve value and protect returns over time.

Focus areas

We target essential-use commercial and industrial assets with straightforward economics, durable demand, and prudent financing—properties built to deliver reliable, compounding income across cycles.

Neighbourhood Retail

Convenience-led retail centres anchored by essential tenants—grocers, pharmacies, hardware, and quick-service operators—providing stable, inflation-linked income.

Light Industrial & Urban Logistics

Small-bay or last-mile industrial nodes in established areas with diversified tenants, flexible specs, and enduring relevance to local economies.

Mission-Critical Net-Lease

Single-tenant or limited-multi-tenant assets integral to tenants’ operations—distribution hubs, clinics, or manufacturing—on fair, long-term leases.

The examples above are illustrative—not exhaustive. We work across a broad range of sectors and consider opportunities wherever we can create enduring value.