E8 Properties is a new real estate arm of US FEC company Elev8 Fun.
The new venture from Elev8 Fun is said to have been partly inspired by the company's "keen eye" for property acquisition, with the team realising they had the skills for "additional opportunities" in this field.
Andrew Cohen, advisory board member at the company, said, “These boxes that we’re buying are perfect for Elev8, but we have identified that they are also critical components to what the future of mall redevelopment might look like, which will undoubtedly follow mixed-use development trends.
The work-eat-play-live concept is what is taking over obsolete retail space such as under-performing malls, and our real estate holdings along with our Elev8 Fun brand is a component to that concept.”
Eleve8 Properties will be focusing on its own "outparcel redevelopment opportunities", and will "own, consolidate and manage its real estate holdings under one entity."