Use and demand
Who uses the asset, why it matters and what could alter demand.
Pictet Capital
International holdings
International holdings
Real assets
Tangible assets. Long-term relevance.
Property and real assets considered through location, use, physical condition, financing and stewardship.
Real assetsUseful assets.
Useful assets.
Enduring relevance.
Use and demandPhysical integrityIncome qualityCapital flexibility
Assessment
The asset and its capital structure are one system.
Real assets are reviewed through their actual use, durability of demand, technical condition, operating obligations, financing and exit flexibility. A prestigious address alone is not an investment case.
Physical integrity
Condition, maintenance, environmental exposure and future capital needs.
Income quality
The durability, concentration and contractual basis of operating cash flow.
Capital flexibility
Financing, liquidity and options under changing conditions.
Stewardship
Value is protected through attention.
Ownership continues after acquisition. Regular technical, commercial and financial review helps identify decisions while they remain choices rather than emergencies.
Development and asset management
Create value in the asset, not only in the transaction.
Real-asset ownership may include acquisition, development, repositioning and operating oversight. Each business plan connects physical improvements with demand, income quality, financing and the long-term role of the asset.
Acquisition
Commercial, technical and financial diligence before capital is committed.
Development & repositioning
Selective improvement programmes designed around real demand and disciplined budgets.
Hospitality platforms
Properties and operating concepts where place, service and governance work together.
Asset management
Ongoing oversight of leasing, operations, capital expenditure and financing.
International scope
Location is considered together with access.
The company considers real assets in markets where local knowledge, reliable counterparties and a clear operating rationale support long-term ownership.