Meyer Bergman

From Infogalactic: the planetary knowledge core
Jump to: navigation, search

Meyer Bergman is a privately held real estate investment management firm with more than €4 billion in assets under management. It was formed in 2004 by its chairman, Ton Meijer, and its chief executive officer, Markus Meijer from the holdings of the former MAB Group.[1]

Strategy

Meyer Bergman targets well-located, retail and mixed-use real estate across major markets in Europe and the United States that are under-managed or under-utilised. It manages these actively to deliver attractive returns to its investors. Meyer Bergman’s current acquisition efforts are focused on well-located, defensive assets across major metropolitan areas in Europe and the United States. Typical transaction values range between €30 million and €300 million.[2]

Developments

In 2012, it was reported that Meyer Bergman owns London's Burlington Arcade, The Bentall Centre in Kingston-upon-Thames, and Exchange Ilford in Ilford, Essex.[3]

Meyer Bergman was one of the principals behind the recent acquisition of large parts of the Queensway district of West London with a view to the redevelopment of the area. The purchases include the Queensway Estate, location of the ice skating rink and Queensway Market, and the Whiteleys shopping centre which was purchased from Standard Life Investments.[4][5]

In June 2015 it was announced that Meyer Bergman would partner with London property entrepreneur Warren Todd to redevelop Whiteleys in a mixed used scheme that would include housing, leisure facilities and retail premises to be designed by Foster & Partners.[6]

In October 2015, it was announced that Meyer Bergman would be buying over a dozen of Tesco's 49 mothballed sites in a £250m deal, and that "some 10,000 homes could be built on the sites in London, the South East and Bath".[7]

Funds

Meyer Bergman advises four closed-ended, value-add real estate funds, the VIA Outlet Venture, and co-investments totalling more than €4 billion of assets under management on behalf of global institutional investors, which include leading pension funds, endowments and asset managers from Europe, North America, the Middle East, and Asia.[8]

References

  1. History Highlights Meyer Bergman, 2013. Retrieved 16 September 2013. Archived here.
  2. About Meyer Bergman Meyer Bergman, 2016. Archived here.
  3. Lua error in package.lua at line 80: module 'strict' not found.
  4. Brunei family’s secret £500m swoop on Queensway by Suzie Neuwirth, City A.M., 16 September 2013. Retrieved 16 September 2013. Archived here.
  5. Whiteleys’ new owners reveal £1bn masterplan for Queensway by Mira Bar-Hillel & Jonathan Prynn, London Evening Standard, 16 September 2013. Retrieved 16 September 2013. Archived here.
  6. £1bn ‘quirky shops’ plan to restore glory days at Whiteley’s. Jonathan Prynn and Joanna Bourke, London Evening Standard, 10 June 2015. Retrieved 12 June 2015.
  7. Lua error in package.lua at line 80: module 'strict' not found.
  8. About Meyer Bergman Meyer Bergman, 2016. Archived here.


<templatestyles src="Asbox/styles.css"></templatestyles>