Offices

60,000 sq ft West End office and retail space in Covent Garden, let to Royal Sun Alliance. This was acquired in a portfolio of assets from Royal Sun Alliance and subsequently sold to Derwent Valley.

30,000 sq ft West End offices and retail in the heart of Piccadilly. This was acquired in a portfolio transaction and subsequently sold to a serviced offices operator.

Moorfield Group acquired Arundel Great Court in a joint venture with Blackstone Real Estate Advisors. The building comprised 316,000 sq ft of offices and a 150 bed five star hotel on a 2.7 acre site. During Moorfield’s period of asset management, the lease with Arthur Anderson was renegotiated and in March 1999 Arthur Anderson signed five new 20 year ‘institutional’ leases together with an Agreement to Lease on a 36,000 sq ft building to be developed within the complex, along with a complete redesign of the front entrance to the building.

Moorfield and Oaktree Capital Management (‘Oaktree’) acquired 100 Barbirolli Square in Manchester in July 2013. The investment is a joint venture between Moorfield and Oaktree as Asset Manager and Oaktree. The prestigious 140,000 sq ft Grade A office building is situated in the heart of Manchester City Centre and at the time of ownership was let to DLA Piper, Ernst & Young and Addleshaw Goddard. The investment forms part of the Barbirolli Square development, a prime city centre landmark office scheme. Built in 1997, 100 Barbirolli Square comprises 135,000 sq ft office accommodation across large flexible floorplates throughout the ground and eight storeys. In addition there is a 5,200 sq ft restaurant at the lower ground floor and secure parking for 141 cars over three basement floors.

Moorfield acquired the long leasehold interest in Brindleyplace in Birmingham, one of the best mixed-use developments in the UK, from the Brindleyplace Limited Partnership in July 2010. It was acquired in a joint venture with Hines Global REIT. Birmingham is the UK’s second city and Brindleyplace is its premier business location. The properties are located in the heart of Birmingham’s Convention Quarter, a 10 minute walk from the city’s main railway station, New Street Station. It is adjacent to the International Convention Centre, the world famous Symphony Hall and the National Indoor Arena. Brindleyplace is an award winning business and leisure destination and has set the standard for urban regeneration in the UK. In February 2015, an off market approach from Lone Star resulted in an early realisation of the business plan and sale of Brindleyplace.

Acquired as a sale and leaseback, Mitchells & Butlers plc’s (‘M&B’) headquarter is a Grade “A” specified office building, and an interlinked and separately accessed 120 bedroom hotel, from M&B on a sale and leaseback in January 2009. The property was built by M&B in 2003 and is located on Fleet Street in Birmingham. The premises consisted of the 95,000 sqft office building which was rented back to M&B on a long lease for their continued occupation and the office building is constructed over 3 main floors, with 3 levels of basement car park. The hotel is over 4 levels with an entrance, reception desk and restaurant at ground floor. The basement car park provides 278 spaces. The hotel is operated by M&B under a franchise agreement with InterContinental Hotels Group, trading as a Holiday Inn Express.

A multi-let business park comprising 260,000 sqft office accommodation arranged in 12 office buildings within 17 acres of landscaped business park. Located approximately 50 miles west of London, The properties are located close to Newbury Town Centre with excellent links to London, Heathrow and the nearby commercial centres of Reading and Basingstoke. The asset was acquired in April 2005 for £50.2m as a co-investment with PSP and Stanford and has been realised.

West Riding House is a landmark 19 storey mixed use city centre building in Leeds. West Riding House was formally relaunched as Pinnacle following a £6.0m investment programme. Leeds is the principal commercial and financial centre of the north east of England. The property is located on a 1 acre site in the centre of Leeds’ prime retail and office core, situated in a strategic axis of the pedestrianised Albion Street, Bond Street and Commercial Street. The investment included 68,500 sqft prime retail space and 81,500 sq ft of offices, supported by a 440 multi-storey car park. In February 2015 an off market approach from Lone Star resulted in an early realisation of the business plan and sale of the investment.

Salisbury House is a landmark Grade II listed building situated in a prime City location and at the very heart of London’s financial district, providing a total of 236,369 sqft of office, retail and ancillary accommodation. The offices comprise 215,209 sqft and are arranged over lower ground, ground and seven upper floors. The retail units comprise 21,000 sqft and are arranged over lower ground and ground floors. The occupier base in respect of the offices is diverse with representation from the legal, financial and professional sectors, attracted by the prime location and the opportunity to secure flexible letting solutions. The location of Salisbury House benefits from the enhanced transport links of the Elizabeth Line.

Skypark is a landmark urban business park in Glasgow. Glasgow is the biggest city in Scotland and the third largest in the UK. At acquisition it had a population of c.630,000 and at the centre of a catchment population of over 3m. Positioned strategically on the immediate periphery of Glasgow’s Central Core, Skypark has unrivalled connectivity to all forms of transport and is within a 10 minute walk of the city centre. Totalling c.550,000 sqft, Skypark comprises six buildings providing a wide variety of office, storage and retail accommodation. Together with joint venture partner, Resonance Capital, Moorfield repositioned this asset to create a multi-let destination office location with extensive amenities. In February 2015 an off-market approach from Lone Star resulted in an early realisation of the business plan and sale of the investment.

The Towers is an urban business park in Didsbury South Manchester. The estate consists of 9 office buildings, totalling 290,000 sqft, set within 19 acres of landscaped parkland. Located only a short walk from Didsbury Village, The Towers location and abundance of surrounding amenities are key to its tenant appeal. The M56 is less than 2 miles away and the public transport links including Didsbury Metrolink, East Didsbury railway station and main bus station nearby further enhance the employer/ee appeal. During ownership Moorfield undertook an extensive refurbishment programme. An off market approach from Lone Star resulted in an early realisation of the business plan and sale of Towers.