06/07/2018 by Buildington
Meyer Bergman commented the sale of its 50% interest in London’s iconic Burlington Arcade to the Reuben brothers. It follows more than seven years of work to reposition the historic building as a luxury shopping destination.
Markus Meijer, CEO of Meyer Bergman, commented: “We saw the hidden potential for the arcade when others only saw a mature institutional asset. The transformed property is a great legacy for our maiden fund as we crystallise the significant value created for our investors. It is also a prime example of the kind of retail destination we believe will continue to attract local and international shoppers in the long term by offering them a unique and authentic shopping experience.”