Construction & Commercial Property News

Investment management company Melburg Capital buys up Bristol building for £10million

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Written by: Hannah Baker | Posted 05 October 2018 15:46

Investment management company Melburg Capital buys up Bristol building for £10million

A privately owned investment management company has bought a 65,000 sq ft mixed-use site for £10million in the centre of Bristol.

Melburg Capital acquired 15-33 Union Street off-market from a UK institutional investor.

It is the latest strategic acquisition for the cross-sector investment specialist.

The building, which is mainly let to national discount retailer Wilkinson’s, sits in Bristol’s prime retail pitch within close proximity to the Galleries Shopping Centre.

Read more: Motor Parts Direct opens first Bristol base at Horizon38 business park

 

Melburg’s asset management team says it will reposition the existing tenant profile enabling significant city centre regeneration.

A spokesperson for Melburg Capital said: “Bristol is one of the UK’s most dynamic property markets.

"The city benefits from a highly progressive, forward thinking Council, the highest university retention rate in the UK and a considered five-year plan for inward investment.

"We are pleased to be able to become a part of the city’s continued growth.”

The transaction takes Melburg’s acquisitions to £330million in the past 15 months.

 

 

 

 

 

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