Home About us Investment Strategy Asset Management Team Contact Othrys Asset Management is an independent Investment and Asset Manager specialised in retail real estate. Othrys offers all the services of a proprietary business in the retail sector. This global approach integrates the sourcing and selection of investment opportunities with the execution of the appropriate asset management strategy. About us Key Figures 500m€ Assets value under management #90 Locations throughout France 600,000m² GLA under management #10 Institutional investors Mission Statement Othrys is a boutique asset manager, focused on sourcing and delivering profitable investment strategies in the retail sector. Investment Management: Through focused sourcing and selection of retail investments, Othrys targets the most attractive risk/return opportunities. The combined experience of its directors ensures best in class execution and underwriting services throughout the acquisition process. Asset Management: Othrys defines and executes appropriate asset specific strategies. Its team differentiates itself through its entrepreneurial spirit and its expertise in the retail sector, allowing it to enhance value through skilled and active asset management. Our Values A focus on delivering superior profitability A private company committed to building a long-term partnerships with investors A property specialist combining hands-on experience with a desire to innovate A belief in the importance of first hand, local market knowledge Investment Strategy Sector Othrys focuses on retail investments: high street shops, shopping malls or retail units. Mixed use properties are also considered if their retail component is a key driver of returns. Size With a minimum investment value of 10m€ we invest either in single assets or multiple unit portfolios, for example, through sale and lease backs. Value Added Our sourcing also identifies retail properties that offer an opportunity to enhance value in the short to mid-term through intensive asset management. Typically these assets require repositioning either through extensions, additional capital expenditure, leasing of vacant space, or through optimising their retailer offer. Location Each investment opportunity is first analysed in the context of its catchment area, its demographic indicators, its attractivity, local footfall data, and its competitive environment. We are looking for down town and out of town locations with strong retail fundamentals. Core and Core+ We look for high quality retail assets in robust urban locations, selected to provide reliable income streams with long-term growth potential. Core + properties include some additional income potential through active management. Asset Management Othrys undertakes the asset management for both portfolios and single assets, in all retail sectors. Goal Driven We have a results orientated approach to management strategies depending on the nature of the asset and the objectives of the investment. Strategies include: Securing income through re-gearing leases Asset repositioning through extensive capital expenditure programmes Leasing and development management. Platform Our existing portfolio under management provides us with valuable exposure to the local markets. With our ‘hands on’ approach to asset management, we maintain excellent contacts with retailers, local authorities and market players. We believe that letting is a fundamental part of any successful asset management strategy in the sector, and we are resourced to undertake such activities in house. When necessary we supplement our team with input from first class service providers at local and national level. Retail Expertise The team combines long-standing relationships with leading national and international retailers with an in-depth knowledge of retailers’ requirements and a large database of their historic sales performance. Based on this expertise the team is able to underwrite acquisitions and asset plans and to analyse future trends that will impact the retail market in France. Team Othrys’s team brings together a range of different skills and experience from across the real estate industry, with expertise in investment, development, leasing and asset management of retail properties. Arnaud Claoue MRICS Director Fund Management Arnaud joined Othrys from Metro Properties, having effected the sale & lease back of the Metro Portfolio to a club of institutional investors in 2013. Before 2010, Arnaud was Fund Manager at BNP Paribas Reim in London when he had responsibility for Pan European real estate investment and asset management. Arnaud started his career in real estate development and graduated from Toulouse Business School with a master’s degree in real estate, and is a member of the RICS. During his career Arnaud has developed multiple skills within different real estate sectors. The broad range of his experience allows him to propose alternative strategies and deliver superior performance to investors. Frédéric Dimon Director Investment Management Frédéric joined Othrys from Grosvenor Fund Management Continental Europe where he was responsible for the coverage of France, Belgium and the Nordics. He has high-level contacts with real estate owners and managers, institutional investors, occupiers, financial institutions and the government sector. He started his career within the French real estate finance team of Eurohypo Bank. Frederic has a masters degree in corporate finance and real estate from Dauphine University. Frederic is known for his knowledge and experience of the French commercial real estate markets, where over the last 10 years he has built a successful track record as both an investor and asset manager. Julien Roussel Director Asset Management Julien joined Othrys from Mercialys where he was the executive director responsible for leasing in France. His team was responsible for the management of more than 2,000 leases producing a net income greater than €130mo. Prior to Mercialys, Julien worked for Unibail and Darty. Julien graduated from the EDHEC business school. Julien has a unique knowledge of French retailers and has built a reputation as one of the foremost leasing directors in the French retail market. Sylvain Ware Asset Manager Sylvain joined Othrys from Mercialys where he was an asset manager. He was responsible of the asset management of 10 shopping centres located throughout France for which he realised separate capital expenditure and development programmes. Prior to Mercialys, he worked as an investment analyst for the LRE real estate fund (Groupe Arnault/LVMH). Sylvain graduated from l’Ecole Centrale Paris (ECP), a leading French civil engineering school. Nathalie Israel Corporate Management Nathalie is responsible for Othrys’s corporate management, including administration, accounting and IT as well as providing daily support to the operational team. Nathalie joined Othrys from Metro Properties, and previously worked for Banimmo. She has a master’s degree in History from Paris X University. Contact Othrys Asset Management 21 rue des Peupliers 92752 Nanterre France +33 1 76 21 76 16 contact@othrys.fr © Copyright 2015