Blackstar Real Estate Limited

Thank you UKREiiF for covering our announcement in today’s newsletter. Blackstar Real Estate Limited and Novara Global Partners have announced the formation of a £100 million joint venture to create a strategic retail property portfolio across the United Kingdom. The newly formed partnership will focus on acquiring shopping malls and town centre retail assets with significant development potential. This collaboration combines Blackstar’s industry-leading expertise in real estate asset management with Novara’s strong capabilities in investments. Together, they aim to seize new opportunities in the retail real estate sector by acquiring and redeveloping properties that may benefit from repositioning or repurposing. The joint venture comes at a pivotal moment for the UK retail property market, which is undergoing substantial transformation. With the rise of e-commerce and changing consumer behaviours, Blackstar and Novara see these shifts as a chance to invest in strategic assets, enhancing their value through active asset management and redevelopment initiatives. The joint venture will prioritise shopping malls and town centre locations, particularly those that may be undervalued or offer potential for alternative uses. While the specific properties targeted by this initiative have not been disclosed, the partnership is expected to move quickly in securing suitable acquisitions for its £100 million portfolio. This strategic move reflects a growing trend of investors seeking value in retail real estate, especially in assets that may have untapped potential for redevelopment. Blackstar and Novara are positioning themselves to be key players in this space, driven by their shared vision of transforming the future of retail properties in the UK. Nathan Spencer - thank you 🙏

EXCITING ANNOUNCEMENT FOR Blackstar Real Estate Limited. Together with Novara, we look forward to delivering our full end-to-end service; seeking out those opportunities that will not only meet our investment criteria, but just as importantly, bring about positive change for those assets and the communities they serve, through our asset management expertise. A spokesperson for Novara Global Partners added: “By combining the precision and insight of global financial leaders with the agility of a boutique firm, we offer bespoke solutions designed to achieve sustainable growth, targeting opportunities with an attractive going-in basis, a discount to peak valuation, and a strong cash-on-cash profile.” Thank you Lewis Berrill and the team at Property Week for sharing our announcement.

Asset management firm Blackstar Real Estate Limited and real estate investor Novara Global Partners have signed an agreement to acquire and manage a £100m real estate portfolio. Sabri Marsaoui 📲 Read more: https://lnkd.in/eFRPU2H2 📩 Subscribe to our newsletter to catch up on the week's retail property news: https://lnkd.in/echx4F_t

We're eager to embark on this exciting journey with Blackstar Real Estate Limited ! Looking forward to achieving great success together.

We're grateful for the opportunity to collaborate with Blackstar Real Estate Limited and look forward to working together toward our shared goals.

Asset management firm Blackstar Real Estate and real estate investor Novara Global Partners have signed an agreement to acquire and manage a £100m real estate portfolio. The joint venture will target commercial real estate with a focus on shopping malls and town centre assets with development potential across the UK. Blackstar Real Estate Limited - which was launched in August by asset management heavyweight Sabri Marsaoui – provides asset management and development services to its partners, which include private equity firms, institutional investors, family offices, and local authorities. Blackstar was recently welcomed by the Association of Town & City Management to its network, with the firm providing support on structural changes to town centres. Novara Global Partners is a real estate investment firm which specialises on the UK and European markets. The firm looks to deliver strong risk-adjusted returns by investing in assets that are well-positioned for current conditions, but also resilient to future market changes, ensuring that investors can achieve sustained performance across multiple sectors. Sabri Marsaoui said: “Together with Novara, we look forward to delivering our full end-to-end service; seeking out those opportunities that will not only meet our investment criteria, but just as importantly, bring about positive change for those assets and the communities they serve, through our asset management expertise.” A spokesperson for Novara Global Partners added: “By combining the precision and insight of global financial leaders with the agility of a boutique firm, we offer bespoke solutions designed to achieve sustainable growth, targeting opportunities with an attractive going-in basis, a discount to peak valuation, and a strong cash-on-cash profile.” Jack Oliver, see you soon

Thank you Paul Norman and the team at CoStar UK for the coverage of our super exciting news! Blackstar Real Estate Limited and Novara Global Partners have teamed up to acquire and manage a £100m real estate portfolio in the UK. We have signed an agreement to build a real estate portfolio primarily focused on shopping centres and town centre assets with development potential. It’s time to go shopping …. 🥂 Full story: https://lnkd.in/e5DAtNNG

Blackstar Real Estate Limited and Novara Global Partners have teamed up to acquire and manage a £100m real estate portfolio in the UK. Together with Novara, we look forward to delivering our full end-to-end service; seeking out those opportunities that will not only meet our investment criteria, but just as importantly, bring about positive change for those assets and the communities they serve, through our asset management expertise. Thank you Jessica Middleton-Pugh, Charlie Schouten and the team at Green Street News: Europe for the coverage of our exciting JV announcement. Full story: https://lnkd.in/erXMYQ9q

Exclusive: Blackstar Real Estate Limited and Novara Global Partners team up for £100m shopping spree | Jessica Middleton-Pugh Charlie Schouten https://lnkd.in/gsyhiRPk

Blackstar Real Estate Limited, which was founded by Sabri Marsaoui, has joined the Association of Town & City Management to provide support on structural changes to town centres.