NEW VENTURES← All ventures
06 / 08CONDITIONAL GO · DEMAND FIRST
Worker Accommodation
Contract employer demand before committing to beds or buildings.
COMPANY DATA + SEPARATE MODELLED CASES
How it works.
Contract demand
Secure signed employer commitment before the head lease.
Pilot
Validate operations through a 1,200-bed master-lease case.
Acquire
Buy only properly priced compliant stock.
Develop
Build only after the demand and operating case are proven.
What matters.
Sdeira occupancy
Company-reported Q2 2026
Master-lease pilot capital
Modelled 1,200-bed case
Acquisition base IRR
Modelled five-year unlevered case
Minimum pre-commitment
Signed take-or-pay before head lease
Base IRR by entry model
Modelled cases with different capital structures; they are not interchangeable.
COMPANY DATA + SEPARATE MODELLED CASES · QUALIFIERS APPLY
Money in. Value out.
Do not sign a head lease without 75% take-or-pay commitment.
Confirm site, welfare, occupancy and transport requirements.
Pass employer credit and customer-concentration controls.
Validate operations through contracted demand first; acquire or develop only after the pilot proves the case.
Decision deck. Full research.
Use these two controlled PDFs first. Open the supporting archive only when source detail or an editable file is required.