August 12, 2024
One of the UK’s best known retail property asset managers has established a new operating platform.
Sabri Marsaoui, who worked previously for Capital & Regional and Crosstree Real Estate Partners, has today (Thursday 1 August) launched Blackstar Real Estate.
Providing bespoke asset and development management services across the UK, Blackstar will specialise 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.
“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,” Mr Marsaoui said.
“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.
Sabri 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 headquartered at 50 Great Marlborough Street, London.
More details can be found here: https://www.blackstarrealestate.co.uk/
