Brave platform to rescue stranded assets
Brave Corporation has launched a new investment arm to rescue real estate assets at risk of stranding.
It has appointed Rachel Lupiani, a real estate veteran of Oaktree Management, Carlyle Group and LaSalle Investment Management, to lead the new arm, Brave Capital.
The company will focus on identifying assets at risk of becoming stranded to reposition them as “Brave Campuses”, it said. Brave Capital will also work with existing landlords seeking to reposition their assets.
The new platform is reported to be in discussions with potential investors and will invest on an asset-by-asset basis in the office sector in the UK and Europe.
Brave Corporation was launched in October by Caleb Parker, founder of flexible workspace firm Bold, which he sold in 2019. Brave will reposition assets to provide ESG-compliant, space-as-a-service offerings to occupiers.
Alongside Brave Capital, it also launched Brave Hospitality, which will "turn static real estate assets into dynamic, flexible, and hospitality-infused spaces, ideal for fast-growing companies, startups, and individuals", the firm said.