Strategic Report Business Model OurBusinessModel
Our businessmodel creates value throughowning a portfolio that generates a diversified and stable income stream.We have the flexibility to adapt to changing market conditions and sodeliver value toour stakeholders through the property cycle. Through our occupier focused, opportunity led approach, we aim to be one of the consistently best performing diversified UK REITs. To us this means being a responsible owner of commercial real estate, helping our occupiers succeed and being valued by all our stakeholders. In order to deliver on our purpose, we have in place three distinct strategic pillars: Portfolio Performance, Operational Excellence, and Acting Responsibly. These pillars include a range of strategic priorities which guide the direction of our business and are regularly reviewed.
Howwe create value
1 Our businessmodel is driven by knowledge, expertise and research led decisionmaking Our in-depth understanding of the UK commercial property market enables us to identify and source value across different sectors and reposition the portfolio through the property cycle. 2 Stock selection and acquisition – buying into growth assets, locations or sectors We have established a diversified UK property portfolio and while income focused, we will consider opportunities where we can enhance value and/or income. 3 Creating value through proactive asset management Our diverse occupier base generates a stable income stream, which we aim to grow through active management and capturing market rental uplifts. Our occupier focused, opportunity led approach ensures we create space that meets our occupiers’ needs in order to maintain high levels of occupancy across the portfolio. 4 Selling assets to recycle into better opportunities We identify assets for disposal to maximise value creation. Proceeds are invested into new opportunities, or used elsewhere within the Group.
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