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.