Sixth Street and Henley Joint Venture acquires Birmingham City Centre Shopping Centre

Asset is in the heart of Birmingham city centre’s regeneration

A Joint Venture between Sixth Street, a leading global investment firm, and Henley Investments, a leading private equity real estate firm based in London, has exchanged on the purchase of Martineau Place in Birmingham.

Consisting of nearly 300,000 sq. ft. of retail, food and beverage, and healthcare space, Martineau Place is centrally located in Birmingham between the city’s Colmore Row office core, the new HS2 terminal, and the city’s prime retail area.

Nearby, Hammerson is bringing forward the Martineau Galleries redevelopment, which would see 1,300 homes and 1.4m sq ft of offices built on the Square Shopping Centre, King’s Parade and Dale Street.
The investment follows the Joint Venture’s completion of Bedfont Lakes in May this year.

Commenting on behalf of the joint venture, Justin Meissel, CIO and Managing Director Europe of Henley, said: “We are pleased to have completed another successful acquisition with Sixth Street, as our Joint Venture continues to find value in assets requiring deep local real estate understanding, active management and experienced oversight. Martineau Place sits in a phenomenal, central location, adjacent to the future Curzon Street HS2 terminal, in an area in the nascent stages of regeneration. The high quality tenant base will continue to benefit from the property’s central location and we look forward to working with tenants to maximise the long-term value of the property. We are actively seeking further investment opportunities in well located existing assets and development sites across the UK.”
BCLP, Avison Young and AGL acted on behalf of the joint venture.

About Sixth Street

Sixth Street is a global investment firm with over $50 billion in assets under management and committed capital. Our dedicated real estate team partners with property managers and institutional investors to acquire, finance, and provide servicing expertise across the global real estate sector. Our long-term oriented, highly flexible capital base and “One Team” cultural philosophy allow us to invest thematically across sectors, geographies, and asset classes. Founded in 2009, Sixth Street has more than 350 team members including over 180 investment professionals operating from nine locations around the world. For more information, visit www.sixthstreet.com or follow Sixth Street on LinkedIn.

About Henley

Established in 2006, Henley is a leading global private equity real estate investor focusing on investment, development and asset management in commercial, residential, multifamily, healthcare, land infrastructure and alternative real estate assets. The company currently has deployed around $3 billion of capital across Western Europe and North America. The Martineau Place investment represents Henley’s first UK shopping centre acquisition as it progresses with its drive to purchase more retail assets in the UK and Europe. This includes the recent acquisitions of Galeria Pestka, a 452,000 sq ft shopping centre in Poland earlier this year and Regent Retail Park in Manchester in Q4 2020.

For further information, please contact:

• For Sixth Street:
• Nepean
• Gavin Davis / Samuel Emden
• sixthstreetteam@nepean.co.uk

• For Henley:
• Redwood Consulting
• Clare Hartshorne / Lauren Smith
• 020 7828 5553