Overview
The Waterford Group was formed in the early part of 2000
by Philip Moross, (the Managing Director of the General Partner) a seasoned
real estate professional, whose principle area of expertise is in planning,
development and sales of high value residential properties in London.
Waterford believes it can generate superior returns for
its investors by employing a disciplined investment approach, making
investments in individual, high value residential development schemes in
desirable locations in London.
The management of Waterford takes advantage of their in
depth understanding of local planning rules, acquiring sites which will
benefit from prudent and careful redevelopment and securing the optimum density
for such development on each acquired site by entering into planned
negotiations with the local planning offices.
Waterford believes that by consistently pursuing a
specific, opportunistic approach to real estate investment in its area of
expertise, it can achieve premium returns at a lower risk within relatively
short holding periods. The approach focuses on market and property fundamentals
to identify well located opportunities where demand outweighs supply for the product that they
are able to construct.
Waterford’s management team has the goal of establishing
and maintaining, “market presence” in its target markets. Waterford seeks to
establish strong market intelligence, attempting to generate leading edge
information and produce investment opportunities before they become broadly known
to competitors.
Waterford concentrates
in a sector of the real estate market which is considered to be less volatile
than most sectors and is reasonably protected against modest recessionary
conditions. The high value residential market is generally not affected by a
rising interest rate environment which has a negative effect on most sectors of
the for-sale residential market.Waterford focuses on markets where:(a) it perceives favourable supply demand dynamics over medium to long
term and (b) on developing in markets
that allow for sales to take place in the near term.
In short Waterford
aspires to acquire the “best” properties in locations where it has an
intelligence advantage and it can secure a planning gain to reduce the risks
ordinarily attached to speculative development.