Sabri Marsaoui, who has worked for Capital & Regional and Crosstree Real Estate Partners, has launched Blackstar Real Estate. The new company will provide bespoke asset and development management services across the UK, specialising in town centres, shopping malls, retail parks and mixed-use schemes.
It aims to partner with private equity firms, institutional investors, family offices and local authorities to deliver value enhancement and transformational change. It has already secured its first two asset management mandates and has others in the pipeline.
Marsaoui said: “Given the ever-improving investor sentiment for real estate and retail property in particular, this is the perfect time for a new asset/development manager with a clear purpose to come into the market.
“Our mission is to create, deliver and enhance sustainable town centre destinations on behalf of our investors. Our bespoke service is tailored to each individual project, reflecting the specific needs of the asset and the ambitions of our clients.”
Blackstar’s wide-ranging sector expertise covers shopping, food & beverage, leisure, workspace, co-living, healthcare, PBSA, community space and public realm.
Marsaoui has two decades of experience in the real estate sector across all major asset classes. He has worked with several investment companies and managing agents including Capital & Regional, Crosstree Real Estate Partners, St Modwen, Praxis Real Estate Management and JLL.
He holds professional memberships at the Chartered Management Institute (FCMI), Chartered Institute of Marketing (MCIM), the Institute of Place Management (MIPM), and the Institute of Workplace and Facilities Management (CIWFM). Sabri also sits on the REVO Asset Management Committee and is a member of the ATCM advisory Council.
Blackstar Real Estate is based at 50 Great Marlborough Street, London.
