In 2018, we decided to shift our focus and a big part of our portfolios to real / tangible assets that spin-off a reliable cash flow stream as we identified a major conundrum in capital markets: Public market valuations have risen to extreme levels, driven by loose macroeconomic policies; however several select private markets remained heavily mispriced.
Prime Office: We launched an opportunistic commercial real estate fund in 2018 to take advantage of the improving macro backdrop & the severe dislocation in the Greek CRE market. The strategy involved acquiring undervalued office properties in prime locations that have significant capital appreciation potential, whilst providing a predictable rental income.
Logistics: In 2020 we launched a separate CRE strategy to capitalize on several macro and micro trends that benefit the logistics sector. We aim to identify assets in prime locations that have high rental appreciation potential, in markets that have room for cap rate compression.
Our infrastructure strategy invests in entrenched real assets with predictable cash flows in the energy and climate, digital transition, transport and communications sectors. We target assets that are hard to replace, provide high cash flow visibility, often in a regulated environment and have substantial room for re-rating.