The company has in 2013 formulated a new strategy aimed at giving it the means to resume future growth in due course.
This new strategy implies
- refocusing on offices in the Paris region
- increased emphasis on value-added deals and
- enhancing its balance sheet risk profile.
The Company concentrates on assets adapted to tenant demand, offered at affordable rents, well located with high quality finishes and services. A 5-15% share of the portfolio will be allocated to value creation, whether through speculative development, properties with short term leases or in need of restructuring. Société de la Tour Eiffel’s experienced team can show a proven track record of numerous similar transactions over 15 years. Another strategic fundamental: enhanced risk profile of the portfolio comprising 85-95 % of yielding assets with a reduced LTV of around 45%.
As at 30 June 2014, the share of the assets corresponding to the strategy stands at 74% of the portfolio and the LTV at 43% (proforma values taking into account all current contracted agreements - sales and acquisition).