With office vacancy rates at record highs across UK cities and housing demand showing no signs of abating, the case for commercial-to-residential conversion has never been more compelling.

The Supply Dynamic

The UK commercial property market is undergoing a structural shift. Remote and hybrid working has permanently reduced demand for office space in many secondary locations.

Our Approach

Every acquisition we make is underwritten against three scenarios: base case, downside, and severe downside. We only proceed where the severe downside still returns investor capital in full.