BLP advise Hines/Lone Star on the sale of six buildings at Brindleyplace, Birmingham
International law firm Berwin Leighton Paisner (BLP) has advised a joint venture between global real estate investment firm Hines Global REIT and global private equity firm Lone Star on the sale of six buildings at Brindleyplace in Birmingham, to HSBC Alternative Investments (HAIL).
HSBC Alternative Investments purchased the office estate, totalling 560,000 sq ft, from Hines-Laser UK Venture I Sarl, which is owned by Hines Global REIT and Lone Star. The office-led campus is home to Deutsche Bank, Bilfinger GVA, Michael Page and Deloitte. The deal sees Hines retain the role as asset manager, continuing the firm’s seven year stewardship of Brindleyplace.
BLP fielded a multi-disciplinary team comprising Chris de Pury, Emma le Wita, Laura Wild and Jennifer Hurdle (Real Estate), Adam Bogdanor, Tun Zaw Mra, Matthew Peplow and Caitlin Crawford (Corporate), Claire Watson and Benedict West (Finance) and Matthew Poole and Andy West (Tax).
Chris de Pury, Partner, Head of Real Estate, said: “We were delighted to advise long-standing client Hines and Lone Star on the successful sale of these much sought-after buildings in Brindleyplace.”
BLP advised Hines Global on the initial purchase of the buildings from Brindleyplace Partnership in 2010.