Business Review
People
Individuals are essential ingredients in our long-term success. It is important that we retain and attract motivated and skilled professionals able to deliver our strategy and work effectively in a small and focused team.
The business model is people light and asset heavy– it leverages the work, skill and judgement of a relatively small staff over a large value of efficiently financed assets. The strategy and business changes introduced in 2005 are designed to emphasise the ‘human value added’ in order to lift performance at the property level, whilst retaining efficient translation to profits and net asset value via financial and fiscal structure. This is all the more important in a market where outperformance is going to be delivered through superior rental growth and an activist approach to asset selection and management.
At the Teesside Shopping Park at Stockton-on-Tees, the free shoppers’ bus service eases congestion and saves thousands of car journeys each month.
