Hines has completed its sale of mixed-use real estate assets in the UK to HSBC Alternative Investments.

Six buildings at Brindleyplace in central Birmingham were sold for an undisclosed price.

The 500,000sqft of space is reportedly worth around £260m (€307m).

Marketing of the scheme began in late 2015. 

Hines owned the asset in a joint venture with Lone Star.

The six blocks are part of a wider scheme of 11 office buildings totaling over one million sqft, with tenants including Deutsche Bank, GVA, Michael Page and Deloitte.

Built in 1999, the buildings will continue to be managed by Hines, which, along with UK private equity fund manager Moorfield paid £190m for the scheme in 2010.

Its previous owner was a joint venture between the BT and Royal Mail pension funds, developer Argent and fund manager Tritax.

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