The tangible assets that anchor the portfolio, chosen for quality, location, and durable demand.
Real estate and infrastructure are the tangible assets that anchor the portfolio, providing stability, income, and a foundation for the group’s wider activities. We invest in property and infrastructure with a long horizon, focused on quality, location, and durable demand rather than short-term speculation. These are assets you can stand on, and we treat them with the patience they reward, holding for the long term and improving them under our ownership. Real estate also supports the rest of the group, from hospitality to healthcare facilities, giving our investments a strategic dimension beyond the financial. We are disciplined about price and clear about risk, because tangible assets are unforgiving of overpayment and overleverage. Our focus is on assets with lasting value, well chosen and well managed, that perform steadily through cycles. Infrastructure, in particular, rewards a long view and a high tolerance for complexity, both of which suit how we invest. The aim is a foundation of real assets that underpins the portfolio and creates room for more ambitious activity elsewhere. Where quality and permanence meet, this is the ballast the group is built on.
