• Colliers International, Birmingham has been working with Hines UK to identify and acquire a significant regional office investment of up to £200m.


  • A direct approach was made via Argent to the Brindleyplace Limited Partnership, to introduce Hines Global REIT and put forward a proposal to purchase the estate for c.£200m.
  • The properties consist of five office buildings as well as ground-floor retail, restaurant and theatre space and a 903-space multi-storey car park.
  • The deal was completed in July 2010 off market.
  • Argent will retain an asset management role working alongside Hines.
  • The price paid reflects a yield of between 7% - 7.5%.


  • Investment
  • Office
  • Research
  • Building Consultancy


  • The purchase was the first in Europe by US based Hines Global REIT.