Tri7 (formerly known as Skape Real Estate), a real estate investment and asset management firm, and funds advised by Alchemy Special Opportunities LLP (Alchemy), the European private equity and special situations firm, have formed a partnership that will provide Tri7 with up to £100 million of funding to invest up to £250 million into real estate value-add opportunities across the UK.
Tri7 has announced its intention to generate value through hands-on re-positioning of properties and capturing alternate use value through obtaining planning for and re-developing buildings into assets that are in higher demand.
The partnerships first investment was signed in July when it acquired the 200,000 sq ft “The Core” Shopping Centre in Leeds city centre.
Tri7 has said it is actively looking to acquire further individual shopping centres, retail parks and office blocks as well as portfolios with a focus on assets in the UK’s leading regional cities and town centres.
Matthias Gradischnig, director at Alchemy, commented “We are delighted to build on our longstanding partnership with Nigel and think that with Tri7 we arebacking a great team with an entrepreneurial approach to unlocking value in often undermanaged or obsolete assets.”
Samuel Castle, commercial director at Tri7 said: “The Tri7 team have proven development and management expertise and take a very creative and hands-on asset management approach which helps to drive income and reintroduce occupiers, life and footfall to the properties we acquire.”
Alex Bowman, acquisitions director at Tri7 added: “In order to thrive, many assets need investment and a broader range of income generating occupiers. This is where Tri7 can add significant value with our expertise in sectors including retail, residential, office and student accommodation.”
