AEQ Management S.à r.l.
RCSL B302489 · Capellen, Luxembourg

Confidential Proposal · May 2026

Prepared for <Investor Name>

Hospitality Portfolio.
£50m Portfolio, Luxembourg Managed Fund.

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Section I

The opportunity.

A £50,000,000 dedicated compartment of Aequitas Securitisation FT, deployed across a curated basket of UK real estate. Two pillars: yield-led country mansions in the South East where ancillary hospitality use materially lifts income, and growth-led prime central London assets operated as serviced apartments. A blended target calibrated to investor preference along a defined balance scale.

11–13%
Target net IRR
5.5%
Target running yield
5–7 yrs
Target hold

Section II

Two pillars,
one balanced book.

The basket is intentionally bifurcated. One half pursues income through value-add hospitality on country freeholds. The other compounds capital through operated central London prime.

Pillar I

Country mansions, re-imagined.

Substantial private estates in the South East, acquired with surplus land. Light-touch hospitality consents — luxury cabins, glamping, weddings, retreats — multiply the income surface without altering the principal residence. Yield-led, lower volatility, modest capital trajectory.

7%
Run. yield
3%
Cap. growth p.a.
5 y
Typical hold
Pillar II

Central London, operated.

Prime mansion blocks and townhouses in Knightsbridge, Mayfair and Belgravia, repositioned as fully managed serviced apartments. Hospitality income covers carry; the underlying freehold compounds. Growth-led, higher capital trajectory, lower running yield.

4%
Run. yield
8%
Cap. growth p.a.
7 y
Typical hold

Section III · Interactive

Calibrated to your priorities.

The default position is balanced. Drag the marker to favour income or capital growth — and we'll re-weight the basket accordingly.

Our Recommendation
High Cashflow
Balanced
High Capital Appreciation
50%
Pillar I weight
50%
Pillar II weight
5.5%
Running yield
5.5%
Cap. growth p.a.
Our recommended starting point — a deliberate equilibrium of running yield and capital trajectory.

Pillar I — Detail

Why country mansions, why now.

The post-pandemic shift toward experiential rural luxury, combined with planning relaxation around ancillary accommodation and rural diversification, has opened a structural gap: substantial private estates with under-monetised land. We acquire freeholds with material acreage at residential values, then layer permitted ancillary uses — luxury cabins, glamping pods, retreat venues, wedding consents — that triple or quadruple the gross income line without disturbing the principal residence. The capital exit remains intact; the income profile transforms.

i.

Acquisition

Off-market estates, 10–40 acres, South East, £4–15m typical lot.

ii.

Value-add

Cabins, glamping, weddings, retreats — within ancillary-use planning, typically 6–12 months from completion.

iii.

Operate or exit

Stabilised running yield ~7%, optional sale post-stabilisation.

Edge: Aequitas operates a hospitality stack at scale through our hospitality operating partner. Acquisitions are screened for planning history, AONB / green belt status, and TPO constraints before bid.

Pillar II — Detail

Why central London, why operated.

Prime central London is the longest-running compounding capital asset in UK real estate. The income line, however, has been depressed for a decade by long-let yields rarely above 2–3%. Operating the same asset as a serviced apartment block — Knightsbridge, Mayfair, Belgravia, full hospitality programming — converts the income into hospitality territory (4%+) while preserving the freehold compounding mechanism. Capital exit is conventional: the asset reverts to long-let or owner-occupier sale at any point.

i.

Acquisition

Mansion blocks and townhouses in W1, SW1, SW3, SW7. £8–25m typical lot.

ii.

Reposition

Hospitality fit-out, licences, brand and channel onboarding — typically 9–18 months.

iii.

Operate

Hospitality yield 4%+, capital appreciation ~8% p.a. blended.

Edge: existing operational platform and known operator relationships across PCL. Reference: the Cadogan Square Collection currently under preparation.

Section IV

Five deals, on file.

Indicative of the basket. Headline figures will be added at sign-off.

Case Study ICountry · Yield-led

Lodge Lane, Essex.

  • Bullet 1 — situation at acquisition.
  • Bullet 2 — acquisition rationale.
  • Bullet 3 — value-add programme.
  • Bullet 4 — outcome at stabilisation.
  • Bullet 5 — exit / hold status.
£0.0m
Acquisition
0.0%
Stabilised yield
0.0×
Equity multiple
0.0%
Capital uplift
0.0
Hold (yrs)
0.0%
Net IRR
Case Study IICountry · Yield-led

Mulberry House, Sussex.

  • Bullet 1 — situation at acquisition.
  • Bullet 2 — acquisition rationale.
  • Bullet 3 — reposition programme.
  • Bullet 4 — outcome at stabilisation.
  • Bullet 5 — exit / hold status.
£0.0m
Acquisition
0.0%
Stabilised yield
0.0×
Equity multiple
0.0%
Capital uplift
0.0
Hold (yrs)
0.0%
Net IRR
Case Study IIICountry · Yield-led

Middle Green, Berkshire.

  • Bullet 1 — situation at acquisition.
  • Bullet 2 — acquisition rationale.
  • Bullet 3 — value-add / reposition.
  • Bullet 4 — outcome at stabilisation.
  • Bullet 5 — exit (full sale, multiple realised).
£0.0m
Acquisition
0.0%
Stabilised yield
0.0×
Equity multiple
0.0%
Capital uplift
0.0
Hold (yrs)
0.0%
Net IRR
Case Study IVCountry · Yield-led

Fidlers Moat, Essex.

  • Bullet 1 — situation at acquisition.
  • Bullet 2 — acquisition rationale.
  • Bullet 3 — value-add programme.
  • Bullet 4 — outcome at stabilisation.
  • Bullet 5 — exit / hold status.
£0.0m
Acquisition
0.0%
Stabilised yield
0.0×
Equity multiple
0.0%
Capital uplift
0.0
Hold (yrs)
0.0%
Net IRR
Case Study VCountry · Yield-led

Brighton Retreat, Brighton.

  • Bullet 1 — situation at acquisition.
  • Bullet 2 — acquisition rationale.
  • Bullet 3 — value-add programme.
  • Bullet 4 — outcome at stabilisation.
  • Bullet 5 — exit / hold status.
£0.0m
Acquisition
0.0%
Stabilised yield
0.0×
Equity multiple
0.0%
Capital uplift
0.0
Hold (yrs)
0.0%
Net IRR

Section V

What "balanced" pays.

Indicative blended returns at three positions on the dial. Net of compartment-level fees.

Yield-tilted · 75/25
6.5% income
4% capital
10.5%
Balanced · 50/50 ★
5.5% income
5.5% capital
11.0%
Growth-tilted · 25/75
4.5% income
7% capital
11.5%

Indicative only. Not a forecast. Net of compartment-level fees. Capital at risk. Past performance is not a reliable indicator of future results.

Section VI

The compartment.

Mechanics

  • VehicleAequitas Securitisation FT — dedicated compartment
  • IssuerAEQ Management S.à r.l.
  • Note formRegistered, EUR 1bn programme
  • ListingLuxSE Euro MTF
  • SettlementEuroclear / Clearstream
  • EligibilityProfessional & ECP only

Economics

  • Compartment size£50,000,000
  • Term<Term> yrs
  • Drawdown<Profile>
  • Distributions<Frequency> cash
  • Mgmt fee<X>% p.a.
  • Performance fee<Y>% over <Z>% hurdle
  • GP commitment<C>

Definitive terms set out in the compartment's Note Issuance Documentation. This page is a marketing summary and does not constitute an offer or solicitation.

Section VII

If this is for you.

i.

Indicative interest

A 30-minute call to confirm fit and answer questions.

ii.

NDA + data room

Full pipeline, terms, prior-deal evidence.

iii.

Compartment subscription

Note Issuance Docs and committed capital.

Elliot Hugh
Manager, AEQ Management S.à r.l. · elliot@aequitas.io · +971 50 632 2520
Capital at risk. Past performance does not guarantee future results. For professional investors only.