House of Fraser, Exeter
35 High Street, Exeter EX4 3LW
Sector:
Hotel & Leisure
Size:
70,000 sq.ft
Tenant(s):
IHG Group
Advisors:
Prydis (Acquisition)
Acquired from:
DTZIM
35 High Street, Exeter EX4 3LW



Investment Rational:
Bellair has taken a minority stake in the redevelopment of the former House of Fraser building on Exeter’s High Street to a 97 bed hotel, 5 star hotel with food and beverage offering.
The investment was attractive to Bellair for a variety of reasons but mainly gaining exposure to a larger transaction run by a highly experience fund manager and spread our portfolio into different regions of the UK.