How we work
A short set of rules, kept for a long time.
We do not trade assets. We acquire what we would be content to hold for thirty years and then hold it.
Every property, share and investment sits in one consolidated set of accounts, audited, reviewed once a year by the whole family.
No position, tenant, bank or country is allowed to become large enough to hurt the whole.
Borrowing only against income-producing assets, only in the currency of that income, never to speculate.
A shareholders' agreement, a board, minutes. Decisions are recorded so the next generation inherits the reasons as well as the assets.
We do not publicise holdings, partners or figures. This page is as public as we get.
“Three generations. One line.”
The measure of a holding company is not what it acquires but what it manages not to lose.