LIQUIDITY: Liquidity trumps credit but needs to be balanced with consolidation and specialisation. RECYCLING CAPITAL: Through selling bottom-tier assets and redeploying capital into quality assets. UNHURRIED, THOROUGH HOMEWORK: Specifically when it comes to building a competent offshore team. GEARING: Keeping levels low, at least below 50%, aids in attracting lending. HEDGING: Offshore provides a natural currency hedge as well as enhancing yields.