Revenue model (Proven business model).
Strategic positioning and key differenciator facctors.
Capabilities & expertise of the management team.
Attractivness of the industry.
Investing in development opportunities with local and international developers, targeting highly sought after locations and proven concepts.
Acquiring income producing properties in high quality locations with high quality tenants.
Targeting properties that require technical or tenant repositioning.
Investing in concepts which are new to the target areas, but proven elsewhere.
Ensuring that acquisition costs of income producing properties and development costs correspond to low replacement cost compared to other EU countries, providing downside protection.
Structuring investments to manage ownership, financing, taxation and currency exchange risks.
Purchasing land with zoning approvals in place.
Maintaining a target IRR of 20%.
Optimizing the capital structure.