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Our strategic priorities

Crafting the right strategic response

1. People first approach

Our greatest strength is our people and their belief in what we do -  both our dedicated team at U+I and the wider circle of partners and communities we work with every day. Their insights, expertise and commitment to our purpose make us tick, helping us to keep improving so we can deliver successful projects and sustainable returns for our shareholders.

2. Grow pipeline of large regeneration projects in our three core geographies

We work with trusted public and private sector partners to grow our pipeline of major PPP and smaller trading projects in our three core geographies. We focus on overlooked sites where there is a need for regeneration, a supportive planning context and evident undersupply of homes, jobs and amenities. Our equity-light approach reduces our financial exposure to any one individual project, providing significant upside potential. Our balance of development, trading and investment mitigates risk.

3. Drive value through an integrated model

Focused on regeneration, our integrated development, trading and investment portfolio drives our growth, play to our strengths and mitigates risks. We secure opportunities, add value through planning and realise value through the development, sale, or nurturing of assets in our investment portfolio. 

4. Deliver excellent returns 

Maintaining the balance of longer-term PPP projects, shorter-term trading activity and recurring revenue from the investment portfolio means we can generate consistent returns through the property cycle. Our specialist platforms enable us to generate additional revenue streams through off-balance sheet activity. Funded by large-scale capital partners, they allow us to deliver more projects, using the same resources. 

We target a 12% average post-tax total return.

5. Maintain capital discipline and efficiency

By actively managing an efficient balance sheet with appropriate gearing and a sizeable cash buffer, we mitigate against development exposure and financial leverage risks. Where we have excess capital on our balance sheet, we use our strong cash flows to reinvest, pay-down debt or return capital to shareholders, to align them with our success. We have a clear policy for the ordinary dividend and supplemental dividend, which has been paid every year since U+I was formed. 

See how our strategic priorities help us create value

 

 

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