MARK Capital Management
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MARK Capital Management (previously Meyer Bergman) is a privately held
real estate investment Real estate investing involves the purchase, management and sale or rental of real estate for profit. Someone who actively or passively invests in real estate is called a real estate entrepreneur or a real estate investor. Some investors actively ...
management firm with more than €7 billion in assets under management. MARK Capital Management was formed in 2004 by its chairman,
Ton Meijer Ton Meijer is a Dutch property developer, the chairman of Meyer Bergman, a London-based privately held real estate investment company, specialising in retail property. In 1970, Meijer founded MAB Group, and was its president and CEO until the sa ...
, and its chief executive officer,
Markus Meijer Markus Sebastianus Meijer (born September 1970) is a Dutch real estate investor, the chief executive officer (CEO) of MARK Capital Management, a London-based privately held real estate investment company, specialising in urban mixed-use property. ...
from the holdings of the former MAB Group.


Strategy

MARK's strategies run parallel to its closed-ended value-add funds, focusing on mixed-use real estate throughout Europe and the United States. The strategies aim to repurpose and reposition under-utilised assets in urban gateway locations throughout Europe.


Developments

In 2012, it was reported that MARK owns London's
Burlington Arcade Burlington Arcade is a covered shopping arcade in London, England, United Kingdom. It is long, parallel to and east of Bond Street from Piccadilly through to Burlington Gardens. It is one of the precursors of the mid-19th-century European s ...
,
The Bentall Centre The Bentall Centre is a large shopping centre in Kingston upon Thames, Greater London, England, which opened in 1992. It has been built in the retail space of Bentalls department store, opened in 1935. Bentalls, now part of the Fenwick group, re ...
in Kingston upon Thames, and Exchange Ilford in Ilford, Essex. MARK was one of the principals behind the 2013 acquisition of large parts of the Queensway district of west London with a view to the redevelopment of the area. The purchases include the Queensway Estate, location of the ice skating rink and Queensway Market, and the
Whiteleys Whiteleys was a shopping centre in Bayswater, London. It was built in the retail space of the former William Whiteley Limited department store, which opened in 1911 as one of London's first department stores, and was one of the main department ...
shopping centre which was purchased from
Standard Life Investments Standard Life is a life assurance, pensions and long-terms savings company in the UK which is owned by Phoenix Group. History 1825–2010 The Standard Life Assurance Company was established in 1825 and was reincorporated as a mutual assurance ...
. In June 2015, it was announced that MARK would partner with London property businessman
Warren Todd A warren is a network of wild rodent or lagomorph, typically rabbit burrows. Domestic warrens are artificial, enclosed establishment of animal husbandry dedicated to the raising of rabbits for meat and fur. The term evolved from the medieval An ...
to redevelop Whiteleys in a mixed used scheme that would include housing, leisure facilities and retail premises to be designed by
Foster & Partners Foster + Partners is a British architectural, engineering, and integrated design practice founded in 1967 as Foster Associates by Norman Foster. It is the largest architectural firm in the UK with over 1,500 employees in 13 studios worldwide. ...
. In October 2015, it was announced that MARK would be buying over a dozen of
Tesco Tesco plc () is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. In 2011 it was the third-largest retailer in the world measured by gross revenues and the ninth-largest in th ...
's 49 mothballed sites in a £250m deal, and that "some 10,000 homes could be built on the sites in London, the South East and Bath". In October 2015, Meyer Bergman rebranded as MARK Capital Management, and began to include life sciences and digital real estate opportunities. In 2016, MARK acquired Borough Yards, situated in the
London Borough of Southwark The London Borough of Southwark ( ) in South London forms part of Inner London and is connected by bridges across the River Thames to the City of London and London Borough of Tower Hamlets. It was created in 1965 when three smaller council areas ...
next to
Borough Market Borough Market is a wholesale and retail market hall in Southwark, London, England. It is one of the largest and oldest food markets in London, with a market on the site dating back to at least the 12th century. The present buildings were bui ...
. Due for completion in 2021, Borough Yards will include workspace, retail, gallery, restaurants, and a cinema. ''Meyer Bergman Launches Leasing of £300 Million Borough Yards Project at London Bridge by Signing Everyman Cinema and The Office Group''
Meyer Bergman, 15 November 2017. Retrieved 17 August 2021


Funds

MARK advises four closed-ended, value-add real estate funds, the VIA Outlet Venture, and co-investments totalling more than €7 billion in assets under management on behalf of global institutional investors, which include leading pension funds, endowments and asset managers from Europe, North America, the Middle East, and Asia.


References

{{Reflist Real estate companies of the Netherlands Real estate companies established in 2004 Financial services companies established in 2004 Private equity firms of the Netherlands Private equity firms of the United Kingdom 2004 establishments in the Netherlands