Alpha Capture Systems
Nomura

Alpha Capture Systems


“This cycle there has been a ‘brain drain’ of real estate talent from the large companies into start-ups with a focus on making money rather then benchmarking. This process kicked off with the re-creation of Ashtenne into Hansteen in 2005. More recently, management teams that we consider ‘alpha’ have reconstituted in IPOs of London & Stamford, Max Property, LXB Retail and latterly Metric Property. Other companies that we deem ‘alpha’ in the private sector include Almacantar and Urban & Civic. These well-financed businesses have no legacy issues and tend to be driven by opportunity or financial criteria as opposed to the traditional asset gathering by building type or location…”