Melburg Capital has acquired a 65,000ft² mixed-use regeneration opportunity in Bristol city centre for €11.3m (£10m). This transaction takes Melburg’s acquisitions to €373m (£330m) in the past 15 months. The site, at 15-33 Union Street was purchased off-market from a UK institutional investor and is the latest strategic acquisition for Melburg, the cross-sector investment specialist.
The mixed-use building, which is principally let to national discount retailer Wilkinson’s, sits in Bristol’s prime retail pitch within close proximity to the Galleries Shopping Centre. Melburg’s highly experienced asset management team will reposition the existing tenant profile enabling significant city centre regeneration.