History
Fairacre Properties was formed in the late 80’s by Perry Cash and Stuart Russell. Following a capital raising in 1999, Fairacre grew rapidly, expanding the portfolio across all asset classes throughout the UK. In 2002 Fairacre acquired its first shopping centre coinciding with the arrival of Leigh Perl from Capital & regional. Within 12 months a further major regional city centre shopping centre was acquired taking the portfolio up to £175m.
By spring 2005, Fairacre sold the constituent parts of its portfolio, disposing of individual assets to a variety of Institutional and Property Company purchasers. Finding that buying assets in the UK at a realistic entry price was becoming more and more difficult, Fairacre shifted its focus towards Europe and in particular, Germany where the team was further strengthened in 2007 with the addition of Marcus Stone and Oliver Kaufman.
Finding that buying assets in the UK at a realistic entry price was becoming more and more difficult, Fairacre shifted its focus towards Europe and in particular, Germany.
A portfolio of some €135 million of Supermarket, DIY stores and Industrial properties throughout the country has been acquired in some 40 lots. The portfolio was purchased piecemeal, acquiring individual assets, ranging in lot size from €2 million to €12 million, Fairacre continues to asset manage the portfolio.
