Search
 

Hines, Moorfield Acquire Brindleyplace Offices

BIRMINGHAM, ENGLAND-Brindleyplace LP sold the offices, which are in the 17-acre redeveloped area in the Westside District here, for less than $250 million.

By Robert Carr | Updated on July 02, 2010

BIRMINGHAM, ENGLAND-A partnership of Hines Global REIT and Moorfield, a UK real estate private equity investor and fund manager, has acquired at least five office buildings here in a reported transaction of less than $250 million. The properties are in the Brindleyplace complex, and include ground-floor retail, restaurants, theater space and a parking garage.

Brindleyplace LP sold the offices, which are managed by Argent. The deal is expected to be complete in two weeks, according to a Hines statement. The complex includes 17 acres of mixed-use buildings, mostly office, in the Westside District here.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Harbor Group Buys London's Relay Building For $120M

Harbor Group Buys London's Relay Building For $120M

Adele Carter |

"We believe the acquisition provides diversity and attractive risk adjusted value for our investors and we anticipate continuing to pursue actively investment opportunities in the London market.”

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.