The Renovate Program is an initiative by Zagros Capital with focus on asset recycling and appreciation of the REIT´s portfolio. It is structured around three pillars: Recycling, Asset Appreciation and Long-term value creation.
The program´s objective is to promote physical, operational and technical improvements in the properties, reinforcing portfolio quality and long-term value generation throughout the real estate cycle.
The Renovate Program action plan involves scheduled and rigorous interventions, including retrofits, modernizations, and improvements aimed at aligning assets with current and future operational needs. These improvements contribute to increase attractiveness of the properties, prolonging their operational lifespan and mitigating structural and functional risks, always aligned with efficient capital management and aligned with expected returns on invested capital.
As part of the program, the Renovate Seal was created to identify and standardize properties undergoing modernization and asset recycling. The seal will be seen in communication channels made by the Fund´s management, such as Management Reports, websites and institutional materials, allowing shareholders to understand the unique strategy behind each and every asset in the portfolio.
With this, the Renovate Program reinforces Zagros Capital´s commitment to an active, disciplined and value-added approach. Consolidating improvement initiatives continues to be a part of GGRC11´s management strategy.
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