MARK to set up pan-European development platform

MARK Capital Management is creating a pan-European development platform by scaling its integrated French affiliate, Assembly.

Assembly asset, Grand Opera House Paris

Assembly, which has successfully managed approximately €3 billion in projects since 2018, specializes in repurposing urban buildings into mixed-use assets and will now offer its expertise to external investors. 
This expansion includes ventures into purpose-built student accommodation (PBSA) and logistics, leveraging third-party capital to further grow its pipeline. 
Key Assembly projects include the TOKO co-living/co-working space, acquired by La Française and DWS in separate transactions, and the Grand Opera mixed-use complex, acquired by Pontegadea. 
Assembly has developed approximately 135,000 square meters of commercial and residential floorspace.
Jean-Charles Equoy, CEO at Assembly, said: "Assembly has a proven track record of successfully executing 'brown-to-green' themed strategies focused on identifying outdated and undermanaged properties in gateway cities for conversion to best-in-class assets. We have experience in every major asset class – office, residential, retail, and logistics – as well as mixed-use. We now see heightened demand for a specialist development platform that can partner with institutional and private capital to reimagine existing assets or create new high-quality assets suitable for core buyers."
Phillipe Bidaud, managing partner and Group COO at MARK, commented: "MARK’s own pan-European presence has been strengthened by the full integration of investment manager Stepling. Across our urban mixed-use and sector-specific strategies, we see a landscape ripe with opportunity as gateway cities are reshaped by urbanization, digitalization, and sustainability demands."
Marcus Meijer, MARK CEO, added: "The scaling of Assembly strengthens our urban mixed-use value-add capabilities while enabling non-clients of MARK to partner with an institutional-quality development platform capable of creating best-in-class assets across all major real estate sectors."