• Location: London • Rooms: 8 rooms minimum as a strong guide, not a rigid exclusion. • No planning in place: £2 million+. • Planning in place: £5 million+ where there is a strong fulfilment case. • Smaller assets can still be surfaced where the operational / C2 fit is particularly strong. • Positive patterns include adaptable residential, medical, institutional or similar buildings; practical layouts; limited unnecessary works; a credible C2 route; good staff / resident separation; and parking or outdoor space where available.