Praxis, a fully vertically integrated UK property investment and management platform and Veld Capital, a leading private credit specialist investor, are pleased to announce the acquisition of Brindleyplace in the heart of Birmingham city centre, UK, for £125M.
The prime 14.9-acre canal side campus, acquired from HSBC Alternative Investments, is an iconic “work-live-play” location and is one of Birmingham’s most popular business and leisure destinations.
Developed by Argent in the early 2000s, the developer behind some of Britain’s most successful mixed-use locations including the King’s Cross Estate in London and One Piccadilly Gardens in Manchester, Brindleyplace is now a multi-award-winning commercial campus, comprising several high-quality office-led buildings.
The campus also has ground floor leisure space, a multi-storey car park as well as a retail arcade, four-star hotel, art gallery, aquarium and a leisure scheme, providing a broad and attractive range of amenities. The estate is currently 90 per cent occupied, hosting blue-chip and local tenants like Deutsche Bank, Michael Page, Lloyds, Deloitte, Marsh, Lloyds, Q-Parks, Zizzi, Pret a Manger and Piccolino.
