Joint venture swoops for Birmingham shopping centre

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Global investment firm Sixth Street and private equity real estate firm Henley Investments have purchased Martineau Place in Birmingham.

Earlier this year the firms also purchased West London shopping centre Bedfont Lakes.

Henley’s European managing director Justin Meissel 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 300,000 sq ft Martineau Place has a mix of retail and food outlets – including Poundland, Boots, Argos, Burger King and KFC – and it is also the home to the Birmingham Staybridge Suites Hotel.