Ekistics Property Advisors LLP (“Ekistics”) is a real estate investment advisor and, inter alia, the sole advisor to Ekistics Real Estate Partners I (“EREP I”), a pan-European, value-add real estate private equity fund. From its inception in 2010 until 31 December 2017, EREP I had deployed commitments totalling circa USD 221million across a variety of asset classes and Western European geographies, with a total gross asset value of circa EUR 497million.
Since its inception in 2010, EREP I has invested in a wide range of property types across the UK, Germany and Spain, deploying a total of USD 221million of equity to acquire or finance assets with a gross asset value of circa EUR 497million.
In selecting its investments, Ekistics applies a systematic, data-driven, methodology to identify those specific asset classes and geographies which stand to benefit from strong, fundamentally-based, real estate demand resulting from an alignment with distinct long-term trends that drive both the physical and financial demand for real estate. Within this subset, Ekistics seeks to identify those assets which offer opportunities for value creation through active asset management and the implementation of transformatory business plans, whilst also providing an element of de-risking through substantial yield generation.
Specifically, Ekistics targets controlling equity positions with a per-transaction equity ticket size of EUR 20-50million (plus leverage) in traditional and operating real estate in the UK, Germany and other selected Western European geographies.
The Ekistics team has in excess of 50 years and more than US$ 6.3billion worth of highly diverse investment and transaction experience, assembled during their current roles and while previously at Goldman Sachs, J.P. Morgan, Barclays and Lehman Brothers.
Ekistics Property Advisors LLP (“Ekistics”) was established in London in 2009 and is the sole advisor to Ekistics Property Investors I (“EREP I”), a pan-European, value-add real estate private equity fund which was established in 2010. Since inception, EREP I has deployed USD 221million of equity across thirteen investments of which nine have been successfully realized as of Q2 2018.
In January 2011, EREP I executed its first investment, the GBP 43.4million acquisition of a regional distribution center in Leeds, UK, let to Sainsbury’s (Project Hazel).
Since then, EREP I has invested in a wide range of property types (office, logistics/industrial, residential, hotel, data center, student accommodation and leisure) across the UK, Germany and Spain. Its current investments include London private rented sector (Project Jupiter, June 2016 & August 2015), Munich office (Project Neptune, September 2015) and second home development in Marbella (Project Mars, June 2015) and office campus in Manchester (Project Magnesium, May 2017). See here for all investments.
Since the inception of EREP I to the end of Q4 2017, the Ekistics has analyzed a total of 1040 opportunities representing GBP 47.4billion of gross asset value (“GAV”). As at 31 December 2017, of the 1040 potential opportunities analyzed, EREP I chose to execute thirteen investments, representing acceptance rate of only 1.3%.
Differentiated Investment Methodology
Ekistics applies a scalable, data-driven, systematic investment methodology combining the identification of fundamental long-term macroeconomic drivers that substantiate an asset’s underlying investment thesis with the detailed analysis of specific asset characteristics. This approach is complemented by highly meticulous micro market analysis, asset underwriting, financial analysis as well as legal, financial and technical due diligence.
Asset Management Expertise
The Ekistics team has built up significant expertise in value-add asset management, which it tends to implement in close collaboration with local operating partners. Based on its data-supported monitoring of asset level performance as well as micro and broader real estate capital market development, Ekistics delivers transformational asset management strategies and identifies optimal exit dates within the context of an asset’s life cycle and the real estate capital market within which it sits. This has resulted in a number of well-timed, successful investment realizations.
The Ekistics team has a substantial, highly diverse experience of successfully investing across Europe (UK, Germany, Spain), and across asset classes (office, logistics/industrial, residential, hotel, data center, student accommodation and leisure). The team has in excess of 50 years and US$ 6.3billion worth of investment, advisory and transaction experience.
Track Record & Zero Capital Loss
The Ekistics team has a track record of zero capital loss with respect to all individual investments made within EREP I (both realized and projected). Out of a total of thirteen investments, nine have been successfully realized as of Q2 2018.
Strong Coverage Network
The Ekistics team has a wide and deep network of relationships with asset owners, financial institutions and market intermediaries in its key target geographies. Ekistics focuses on proprietary origination channels and seeks to avoid large competitive processes.
Significant Investment Discipline
As evidenced by the EREP I track record and coverage performance, the Ekistics team demonstrates extraordinary investment discipline, having executed thirteen investments out of 1040 potential opportunities analyzed, representing a 1.3% acceptance rate.
“Adherence to our business principles delivers superior economic success for our clients.”