History
Fairacre was formed in the late 1980s by Stuart Russell and Perry Cash. Following a capital raising exercise in 1999, Fairacre grew rapidly, expanding into all asset classes throughout the UK.
In 2002 Fairacre acquired its first shopping centre. Within 12 months a further major regional shopping centre was acquired, taking the total portfolio value up to £175m.
By spring 2005, Fairacre sold the constituent parts of its portfolio, disposing of individual assets to a variety of institutional investors and property companies.
Fairacre then shifted its focus towards Germany and the team was further strengthened in 2005 by the arrival of partners Marcus Stone and Oliver Kaufman. A portfolio of c. €135 million of Supermarket, DIY stores and distribution properties throughout the country was acquired in some 40 lots.
From 2007 onwards, Fairacre has turned again to its core strength: investment in the UK market. Direct investment combined with a workout capability to deal with the distressed assets of others has seen Fairacre grow further and become stronger than ever.