Asset classes

We focus on situations where complexity can create value.

Complexity may arise from use, configuration, operations, planning, capital works, financing or the owner’s timetable.

Reviewing a property plan before structuring an investment — Understand before structuring
Use, operations, technical condition, legal constraints and capital are considered together before a solution is designed.

Hospitality

Develop, convert or reposition a hospitality asset.

K&R reviews new hotel developments, conversion opportunities and operating hotels whose positioning or operating model needs to evolve. Acquisitions of both the freehold and operating business are also considered where there is a genuine real estate and operational transformation case.

Development · Conversion · Repositioning · Freehold and operating business

Retail

Restore a relevant use and sustainable economics.

Vacancy, reconfiguration, major works, reletting, changes to the tenant mix or the subdivision of a retail scheme can create an investment opportunity. Demand, footfall and execution capacity remain central to the analysis.

Vacancy · Reconfiguration · Capital works · Reletting

Residential

Rethink an asset the market has misread.

We consider restructuring, repositioning and change of use where technical, legal, planning or commercial constraints create a genuine barrier to entry.

Restructuring · Repositioning · Change of use

Offices

Adapt offices to their market and occupiers.

K&R considers office assets requiring restructuring or repositioning where use, capital expenditure, lease profile or leasing conditions call for a holistic review of the asset.

Offices · Restructuring · Repositioning

Logistics

Reposition logistics assets as occupier and market requirements evolve.

K&R considers logistics and urban distribution assets where obsolescence, vacancy, major works, access constraints or a change of use create a genuine value-add case. Location, technical specifications, occupier demand and exit liquidity are assessed as one investment thesis.

Logistics · Urban distribution · Refurbishment · Repositioning

Initial screening

What we seek to establish quickly.

Access: Who actually makes the decision and on what timetable?
Transformation: What changes in practical terms, within the asset or its operation?
Risks: Which technical, legal or financial issue could prevent the transaction?
Execution: Who needs to be involved, and what role should K&R play?

A confidential first conversation

You know of an asset or situation worth examining.

A few lines on the asset, its context, the decision-maker and the timetable are enough for an initial review. The source of the opportunity and its circulation are agreed before any detailed information is shared.

Submit an opportunity