UK value-add real estate investment and asset management firm Tri7 Group has formally integrated into purpose-built student accommodation (PBSA) developer-operator Fusion Group.
Having been part-owned by Fusion since its creation, Tri7’s founding partner Samuel Castle and senior partner Dan Green, will now work alongside Fusion’s Group chief investment officer Daniel Harris to raise and manage further third-party capital to support the growth of Fusion’s development and management platform.
As part of the integration, Tri7’s office investment platform, TriOffice, will continue to operate under its own brand and remain majority-owned by Fusion, led by Ben Beck.
Castle said: “Being fully integrated Fusion Group allows us to scale our strategy and institutionalise our platform, while maintaining the entrepreneurial mindset that characterise our teams. Joining our long-term partners at Fusion, we can bring together the best of both businesses – the operating depth of Fusion and the investment drive of Tri7 – to create a market-leading living sector platform.”
Nigel Henry, CEO of Fusion Group, added: “I have been proud to serve as chair of Tri7 since its inception and delighted that they are now part of the Fusion Group. In joining forces, this offering led by Daniel, Samuel and Dan gives us the opportunity to accelerate the growth of our business with a specialist focus on raising, managing and investing third-party capital, supporting our development and management business and the wider living sector.”
