News

Tri7 targets £250m of conversion deals

By 2021-09-13T10:45:00

Money £50 notes

Source: Shutterstock/Claudio Divizia

Tri7 and funds advised by Alchemy Special Opportunities have launched a partnership that will provide Tri7 with up to £100m to help fund the acquisition of assets valued at up to £250m.

Tri7 is hoping to generate value through the re-positioning of properties which can include improving their existing use through extensive refurbishment as well as capturing alternate use value through obtaining planning for and re-developing buildings into assets that are in higher demand by both occupiers and investors such as student accommodation or residential.

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