Meyer Bergman sold its 50% stake in London's Burlington Arcade to the Reuben brothers after a successful seven-year repositioning of the historic site into a luxury shopping destination.
Target Information
Meyer Bergman has successfully sold its 50% stake in London's renowned Burlington Arcade to the Reuben brothers. This transaction marks a significant milestone for Meyer Bergman's first value-add fund, culminating over seven years dedicated to repositioning the historic arcade into a premier luxury shopping destination.
CEO Marcus Meijer emphasized the previously unrecognized potential of the arcade, stating, "We saw the hidden potential for the arcade when others only saw a mature institutional asset." Under Meyer Bergman's stewardship, the arcade has been transformed into a vibrant retail space that exemplifies a unique shopping experience for both local and international visitors.
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Industry Overview
The retail sector in the United Kingdom, particularly in London, has seen considerable transformation over recent years. As consumer preferences shift towards experiential shopping and premium retail de
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Reuben brothers
invested in
Burlington Arcade
in 2023
in a Late-Stage VC deal