International, privately-owned investment firm Hines has sold six buildings at Brindleyplace in Birmingham, UK to HSBC Alternative Investments (HAIL) for an undisclosed sum.
The assets, which comprise 500,000 ft2 (46,000 m2) of mixed-use space, will continue to be managed by Hines, extending its seven-year stewardship of the scheme. Brindleyplace is a mixed-use, canal-side scheme comprising 11 office buildings, with tenants including Deutsche Bank, GVA, Michael Page and Deloitte.
'Brindleyplace continues to be one of the most desirable office locations in Birmingham,' commented Raj Rajput, managing director of Hines.
Hines currently has a total UK portfolio under management valued at in excess of £2 bn. The company's UK portfolio of assets under management includes The Centre Livingston, Cannon Place, One Bartholomew Lane, One Westferry, Sixty London and 25 Cabot Square.
CBRE and Colliers acted as advisors to Hines.
