Liquidity matters
Capital locked in one asset is capital unavailable elsewhere.
CAPITAL & ADVISORY
Leverage, tenor, ownership structure, liquidity and the owner's wider balance sheet can change the outcome of the same physical asset.
FINANCING AS STRATEGY
We consider financing as part of the asset strategy itself: leverage, interest-rate exposure, tenor, repayment profile, refinancing risk, cash-flow resilience and the flexibility retained for the rest of the portfolio.
A cheaper facility can still be an expensive decision if it removes optionality at the wrong time. Conversely, conservative leverage can preserve the capacity to act when better opportunities appear.
THE OWNER'S PERSPECTIVE
Capital locked in one asset is capital unavailable elsewhere.
Ownership and governance can affect control, financing and future transfer options.
A sound asset can become a poor decision if the capital structure cannot survive the holding period.
The property has to make sense within the owner's wider businesses, obligations and strategic horizon.
CONNECTED ADVISORY
Through the wider Iconomy ecosystem, a property decision can be considered alongside corporate finance, valuation, governance and business structure where those issues are relevant to the owner.
Specialist professional work remains specialist professional work. The value of integration is not pretending one discipline replaces another; it is recognising early when several disciplines are shaping the same decision.
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