Investment strategy
Alpha Tiger Property Trust Limited (the Company) is a Guernsey
registered closed-ended investment company. The Company was established
to invest in and develop real estate opportunities in India.
Assuming borrowing
levels over time of 50 to 65 per cent. of property values, and
based on the £75 million of equity raised, it is the Company's
intention to assemble an appropriately diversified portfolio over
15 properties totalling approximately £150
million.
The Company focuses on the development of business parks, and
business park-led mixed use and township projects, and is seeking
sites with appropriate zoning / planning consent and strong infrastructure
links in established locations in India's tier 1 and tier 2 cities (Bangalore,
Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune).
The
Company will also invest in opportunities in other large cities
and other real estate sectors, primarily retail and mixed use /
residential township development on greenfield sites.
In addition,
the Company will invest in sale and leaseback transactions of existing
corporate real estate as well as develop new properties to meet
current and future occupancy needs of businesses in India on a
national basis.
The Company will generally target investment
properties let to strong covenants (for example multinational companies
with a branch or presence in India), on long leases and with flexible
re-letting potential.
Assets acquired by the Company may be held
either directly or indirectly through joint ventures or other investment
structures.
Alpha Real Capital, an FSA regulated property fund advisory business,
will manage the Company’s property portfolio. Alpha Real Capital
will
complement its own international investment, development and asset
management skills by working, where appropriate, with local real
estate partners in India. Alpha Real Capital seeks to generate high
total returns for the Company’s
investors. It believes these will be generated by a combination of
profit from development activity, income yield and capital growth
driven by income growth, active asset management and yield compression
in the investments it makes.
Risk management
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