Sheet Anchor Evolve acquires pair of mixed-use assets in Birmingham
Sheet Anchor Evolve, part of M Core, has acquired a pair of mixed-use assets in Birmingham from Hortons.
The group has acquired White House, which extends to 24,561 sq ft and comprises four retail units fronting on to New Street and Lower Temple Street which are let to operators including Tim Hortons. The property also features six floors of office accommodation on the upper levels.
Also included in the acquisition is 5-9 Lower Temple Street, which extends to 11,982 sq ft and incorporates three retail units and four floors of office accommodation. The property faces on to New Street Station and provides a strong location for leisure, retail, and workspace occupiers.
Richard Durkin, director of capital markets at Lambert Smith Hampton, which acted for Sheet Anchor Evolve, said: “We are delighted to have advised Sheet Anchor Evolve on the acquisition of these two landmark assets in the hear of Birmingham. Their strategic location, strong tenant mix and clear opportunities for value creation make White House and 5–9 Lower Temple Street exceptional additions to Sheet Anchor Evolve’s growing portfolio.”