Realised Assets

THINKING | PROVEN | CREATIVE

Manchester Royal Exchange

Completed in 1921, the Grade 2 listed building extends to approximately 280,000 sqft arranged over sub-basement, basement, ground and six upper floors. The building is of classical design with decorative stone external cladding with extensive stone detail. Originally comprising two identical exchange halls, only one now remains known as the Southern Block and this houses the Royal Exchange Theatre.

The Northern Block which contained the original exchange hall, was destroyed in the Second World War and on rebuilding, the hall was replaced with six floors of offices. These offices comprise approximately 81,700 sqft.

Acquired in 2014 from M&G in partnership with Starwood Capital. Only the 2nd time in its history that it had been sold. We purchased the asset for £32.5m in a competitive process and untimately won becasue our vision to elevate the asset back to its former glory. Following a £16m refubishment programme we ultimately sold to Hines BVK for £107,000,000.

Acquisition in April 2014

At the point of acquisition the asset had suffered decades of under investment and was generally considered low grade accommodation. Applying our customer focused tests with investment we saw a completely type of asset.

Manchester Royal Exchange before refurbishment

Manchester Royal Exchange roof terrace before refurbishment

Sold in Nov 2016

A £16 million refurbishment touching all areas of the asset from fixing the basement over heating to adding the first roof garden in Manchester. Our refurbishment plan focused on creating experiential space, retained the buildings providence and created wellness as a central pillar of the refurbishment.

Manchester Royal Exchange Trinity Investment Management

Anglia Retail Park | Ipswich

Anglia Retail Park is a 218,000 sq ft retail park with a wide bulky goods planning consent. At acquisition occupiers inluded B&Q, Mamas & Papas, Carpetright, Carphone Warehouse, Pizza Hut and KFC directly opposite a 65,000 sq ft ASDA supermarket with a McDonald's Drive-Thru.

The park is located at Jct 53 of the Ipswich by-pass (A14) on Bury Road (A1156) on the west side of Ipswich, approximately 2.5 miles north west of the town centre.

Acquired in a marketed process in joint venture with Starwood Capital and ultimately sold to Ipswich Borough Council for £43,000,000

Acquisition in May 2013

Our due diligence at acquisition demonstrated and gave us confidence that historically tenants performed well, with the vacancy being caused by corporate failures rather than Anglia Retail Park specific. With the right tenant mix that met customer demand Anglia Retail Park could once again be a thriving retail destination.

Sold in Dec 2017

Over the business plan we opened planning from restrictive bulky goods consent to include part Open A1. Doing so enabled us to leverage the Parks historical trading performance and place with the retail heirachy to secure an exciting new tenant line up. In total we secured 200,000 sq ft lettings to mainline occupiers on 10 year terms. The park was sold to Ipswich Borough Council in 2017.