Responsible Investor
Here East
We are a real estate investment and advisory group, and investment is at the heart of our business.
Environmental, social and governance considerations are fully integrated into our investment analysis and decision-making processes for real estate and equity and debt financing across four areas of the asset lifecycle:
| Sourcing
When sourcing new investment opportunities, in addition to understanding the fundamentals of the asset and financial returns a preliminary assessment of the responsible investment issues is undertaken. |
Acquisition
Indoctrinated within our investment acquisition process is a thorough review of all responsible investment value creation and risk mitigation issues. All RI issues identified require a fully costed action plan. These issues are a key factor in assessing the merits of any opportunity. |
Asset Management
Throughout the hold period of an asset responsible investment is incorporated into the asset management strategy. The asset management team will be responsible for addressing issues identified during acquisition. Business plans will include the RI strategy and initiatives. |
Disposal
Ensure the RI initiatives undertaken are highlighted to potential buyers. |
While we are always open to opportunity, we are equally risk conscious. Identifying and measuring ESG risks and implications starts with the underwriting and due diligence process. We have a rigorous process in place for our acquisitions where these implications are considered and analysed at each stage as the acquisition advances, utilising a comprehensive screening list of ESG considerations. Once assets are acquired, project specific ESG considerations are integrated into all business plans. These are reviewed as part of quarterly business plan reviews to ensure they are ultimately delivered. This approach is applicable to both our equity mandates and our debt mandates (where possible), and new business creation.
We seek out value-add opportunities to support and collaborate, wherever possible. This applies to both investments where we have direct control, and to investments – both equity and debt - where we do not, and therefore where our level of influence can be limited. Opportunities can simply be behavioural opportunities such as transparent, open communication and inquisitiveness in engaging with businesses, or alternatively require more significant investigation and/or capex expenditure to improve the asset.
Collaboration is a value and a tool we appreciate and so in working with others, we actively provide ideas to positively influence whenever we can.
Delancey is a signatory to the Principles of Responsible Investment (PRI). We have committed to adopting and implementing the six principles of Responsible Investment into our investment practices where consistent with our fiduciary duties.
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