Melburg Buys Bristol Mixed-use Opportunity

Melburg Capital, the privately owned investment management specialist, has bought a 65,000 sq ft mixed-use regeneration opportunity in Bristol city centre for £10m, taking its acquisitions to £330m in the past 15 months.

The site, at 15-33 Union Street was bought off-market from a private UK institutional investor.

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

Melburg is understood to be planning to reposition the existing tenant profile for a regeneration scheme.

Original article posted here.