Acquired in joint venture with Sixth Street for a reported circa £40 million, the Birmingham city-centre scheme had previously been valued at approximately £230 million, highlighting the type of distressed real estate opportunity Henley is well positioned to evaluate and reposition. The nearly 300,000 sq ft asset includes retail, food and beverage, healthcare and hospitality space in a strategic location between the Colmore Row office core, the prime retail area and the future Curzon Street HS2 terminal. With existing occupiers including Boots, Sainsbury’s, Argos, Poundland and Burger King, and a pedestrianised food-led street running through the centre, the asset provides both existing income and long-term optionality. The project demonstrates Henley’s experience in active asset management, urban regeneration and the repositioning of retail-led assets in locations undergoing meaningful change.
Partnerships
Reimagining a major city-centre asset in the heart of Birmingham.
Location: Birmingham, UK
Overview
Martineau Place reflects Henley’s ability to identify value in complex, under-managed assets where market dislocation creates meaningful opportunity.
”“Martineau Place is a strong example of Henley’s ability to identify opportunity where others may see complexity. The asset had clear challenges, but it also had scale, income, location and long-term potential. Our role is to bring the conviction, capital and active management expertise needed to reposition assets like this and create value over time.”
Ian Rickwood - CEOHenley Group
