We assemble or recapitalize mixed-use precincts where the “whole is worth more than the parts”—typically 15,000–60,000m² GLA anchored by necessity retail at grade, flexible work/office or medical suites on upper levels, and 150–600 residential keys. We invest at or below replacement cost, prioritizing sites with rail/BRT access and municipal bulk in place. 

Our equity tickets are R100–R500m alongside bank development facilities; we phase construction to match pre-letting and residential absorption, releasing capital as NOI ramps. Financially, we aim for blended stabilised yields of ±10% with cross-subsidies: retail pays the base, residential delivers velocity and brand, and offices/clinics provide sticky daytime demand. We manage risk through pre-lets (30–40% of retail GLA before draw), diversified tenant mix (no >10% single-tenant exposure), step-in rights with operators, and ring-fenced project finance.

We measure success in precinct KPIs: footfall growth, retail turnover/sqm, residential occupancy >92%, office WALE 3–5 years, and parking revenue per bay. Sustainability upgrades (PV carports, greywater, sub-metering) are standard because they compress opex and support green-bond refinancing. Exits include refinancing into long-term core debt, sectionalizing and selling strata, or packaging stabilized NOI for a REIT/insurance buyer. Returns: project-level levered IRR mid- to high-teens, with equity paybacks targeted inside year 5 through phased cash-outs.