Retreat of foreign institutional investors facing liquidity constraints at home
Focus on well-located, stabilized or near-stabilized assets with sound fundamentals and clear upside (e.g., vacancy reduction, ESG upgrades)
Income Stability and Growth via Active Asset Management
Prioritize WAULT* stability and tenant diversification, targeting creditworthy occupiers in resilient sectors (Technology, Finance, FMCG, Government).
Use rent indexation mechanisms (CPI**-linked leases) to preserve real income value.
Execute proactive leasing, tenant engagement, and value-add repositioning to drive NOI*** growth.
Portfolio Aggregation with a Domestic Advantage
Act as a local consolidator in a transitioning market, with first-mover advantage as a local
listed player focused on offices.
Leverage local origination, fast execution, and professional structure to acquire off-market or under-managed assets from motivated sellers.
Assemble a balanced portfolio of 4–5 seed assets as a foundation for the listed structure, with pipeline visibility for further accretive acquisitions.
Distribution-Focused Returns with Upside
Target initial dividend yield of 6–7% supported by cash flow from stabilized leases.
Offer investors inflation-protected income plus capital appreciation from rent reversion, operating margin improvements, and market cap rate compression.
Discretionary distribution policy. Once a REIT legislation is in place, compliance with listed distribution mandates (e.g. 90% of net profit) to ensure predictable cash returns thereafter.
ESG-Led Optimization and Future-Proofing
Commit to ESG upgrades on acquired assets (e.g. BREEAM / LEED certifications, energy efficiency).
Position the platform to capture “flight-to-quality” demand from tenants seeking amenity- rich, sustainable, and flexible office spaces.
Adequate Leverage and Transparency
Maintain adequate Loan-to-Value (LTV) ratio of up to 65% to balance return and risk appropriately.
Ensure full transparency, quarterly reporting, third-party valuations, and adherence to Romanian REIT legislation and BVB listing rules.
Build trust and liquidity through strong governance, local presence, and aligned sponsorship.