January 24th, 2026
5 min read
Understanding Risk in Property: What Actually Matters
Risk & Downside
Asset Structure
Most investors focus on upside because it is visible. Downside risk, however, is structural — and far more decisive over long holding periods.
Risk in property is rarely sudden. It accumulates quietly through weak contracts, misaligned incentives, unclear ownership structures, and operational assumptions that fail under pressure.
We pay close attention to what happens when things go wrong: delayed delivery, regulatory changes, demand compression, or capital constraints. Assets that cannot absorb friction tend to underperform regardless of location or design.
Downside protection is not pessimism. It is respect for reality.
By prioritising structure over optimism, investors gain durability — not just returns.
*This article is shared for perspective and context. It is not investment advice or a recommendation to transact.
