Capital Markets
Standard Life Investments
£60,000,000 acquisition of 125 Colmore Row on behalf of Standard Life Investments and subsequent investment disposal
GBR Phoenix Beard acquired this 100% prime office investment on behalf of Standard life Investments and were subsequently appointed by this Scottish institution to market the asset. A good level of interest was shown by a range of investors and the property sold to EPIC.
Quintain Estates and Development Plc
Our role: £28,000,000 disposal of SBQ on Smallbrook Queensway on behalf of Quintain Estates & Development Plc
Quintain were looking to de-gear their investment portfolio and appointed GBR Phoenix Beard jointly with Jones Lang LaSalle to market this secondary office investment stretching on one side of Smallbrook Queensway from Holloway Circus to Bull Ring. The property was acquired by CEG in March 2008 and GBRPB are joint letting agents for the office element of the property.
West Midlands Police Authority
Acquisition of 134,000 sq ft Lloyd House, Birmingham on behalf of West Midlands Police Authority.
The company was approached by West Midlands Police Authority to advise them in the acquisition of the Police’s Birmingham headquarters building where WMPA had a 50+ year occupational lease. Terms were agreed with the long leaseholder and the property purchased in late 2009.
Westbrook Partners
Acquisition of 54 Hagley Road, Birmingham on behalf of Westbrook Partners for £11,000,000
CapCo undertook a comprehensive refurbishment of this landmark Edgbaston twin-tower office property to create high quality comfort-cooled office space in this significant office sub-market. In January 2009 CapCo put the property on the market but due to the relative high level of vacancy, it attracted little interest. GBR Phoenix Beard convinced Westbrook Partners a US based private equity investor, to purchase the asset at a low point in the property investment market cycle at a discounted price and to put in place an aggressive marketing plan to offer prime office space at competitive rental levels.
Saxan Securities
Our role - £56,000,000 forward funding of 45 Church Street, Birmingham on behalf of Saxan Securities
We represented the developer Saxan Securities in the funding of a 120,000 sq ft Grade A office development on the corner of Church Street and Cornwall Street in the heart of Birmingham's central business district. The project was forward sold by Standard Life Investments who acquired the site from the developer and provided all development costs to complete the project. GBR Phoenix Beard are joint leasing agents for the property and manage the asset on behalf of Standard Life.