Henley and Sixth Street acquire Birmingham shopping center

The shopping center has nearly 27, 870 sq m of retail, food and beverage, and healthcare space.

Tenants at Martineau Place include Boots, Sainsbury’s, Argos, Poundland and Burger King, with a food occupier-led, pedestrianized street known as Martineau Way running through the center of the scheme.

Meanwhile, Hammerson is bringing forward the Martineau Galleries redevelopment, which will see 1,300 homes and over 130,0000 sq m of offices built on The Square Shopping Centre, King’s Parade and Dale Street.

Justin Meissel, Chief Investment Officer and Managing Director Europe at Henley said: “We are pleased to have completed another successful acquisition with Sixth Street, as our joint venture continues to find value in assets requiring deep local real estate understanding, active management and experienced oversight. Martineau Place sits in a phenomenal, central location, adjacent to the future Curzon Street HS2 terminal, in an area in the nascent stages of regeneration.”