Real Estate

Where Space and Value Converge

Investments
60+
Footprint
2M+ Sq Ft

CY invests selectively across real estate, focusing on high-quality assets in established and evolving markets.

Our approach combines local market knowledge with a long-term perspective, allowing us to identify opportunities across different property types and market environments while remaining focused on the quality, relevance, and value of each asset.

Asset Type Allocation

High-end residential assets combining locational quality, product specification, and durable value, across both urban and resort settings.

Scope
Prime residential product in core urban and resort locations
Assessment
Irreplaceability of location, specification, and scarcity of comparable supply
Approach
Long-term ownership, with selective replacement and upgrading

Income-producing assets across offices, retail, commercial premises, and hospitality, assessed on rental and operating performance.

Scope
Offices, retail units, commercial premises, and hospitality assets
Assessment
Footfall, tenancy structure, and durability of operating income
Approach
Anchored in rental income, enhanced through use conversion and tenant mix

Acquisition and development planning across commercial, residential, industrial, and recreational land, guided by designated use and regulatory conditions.

Scope
Commercial, residential, industrial, and recreational land
Assessment
Zoning, development intensity, and regulatory feasibility and timing
Approach
Capital staged by development phase, with development or disposal decided in due course

Exposure through real estate investment trusts and related securitised instruments, reaching asset types and geographies beyond the range of single-asset ownership.

Scope
Listed real estate investment trusts and related securitised instruments
Assessment
Portfolio quality, lease structure, and the managing institution's execution record
Approach
Held as units of beneficial interest, without direct management of the underlying assets
Asset Management

Sourcing, due diligence, negotiation, and completion are conducted in-house.

Scope
Sourcing, due diligence, negotiation, and completion
Assessment
Title, co-ownership interests, lease encumbrances, and planning restrictions
Approach
The acquisition structure is determined by the asset, and we decline transactions whose terms do not adequately reflect risk

Independent valuation is undertaken at acquisition, in periodic review, and at disposal, and forms the basis of the judgements we provide.

Scope
Independent valuation, holding structure, development sequencing, and timing of disposal
Assessment
The comparable, income, cost, and land development approaches, applied on a cross-checked basis
Approach
We set explicit assumption ranges and work alongside external valuation, legal, tax, and engineering advisers