Separate Managed Accounts

These vehicles provide the opportunity to co-invest or joint-venture, changing our exposure to particular investments or strategies. It is flexible capital both in terms of investment opportunity and time horizon.

Property

Type

Status

Location

45-55 DTR

Gibraltar

Residential

In planning

Map

The Mailbox

Birmingham

Mixed Use

Acquired

Map

45-55 DTR

Location

Devil’s Tower Road, Gibraltar

Type

Residential

Devil’s Tower Road is a major road of northeastern Gibraltar. It runs south of Gibraltar International Airport, extending from Winston Churchill Avenue East to Eastern Beach Road. The road was named after Devil’s Tower, a 17th-century watchtower, which formed part of the northern defences of Gibraltar as mentioned in the Treaty of Utrecht. The Devil’s Tower was close to a rock shelter where fossil remains of a Neanderthal child were discovered, together with palaeolithic tools. With the introduction of the recently completed tunnel under the runway, the traffic into Gibraltar is now diverted through Devils Tower Road as opposed to the infamous vehicle and pedestrian crossing over the runway. Once a backwater of largely industrial and warehouse land, Devils Tower Road is now the gateway into Gibraltar and the ‘Eastern Tower Cluster’ providing much needed housing for Gibraltar’s growing population. Outline planning approval has been achieved for a 28 storey residential led tower scheme to replace a recently vacated commercial building with a substantial increase in both massing and amenity.

The Mailbox

Location

City Centre (B1), Birmingham

Type

Mixed Use

Size

1 million sq.ft

Terraces

Canal-side multi-level promenade

The Mailbox is located in the centre of Birmingham. Previously, the location of a railway goods yard with canal wharves off the Worcester and Birmingham Canal leading to Gas Street Basin, the site was the location of the Royal Mail’s main sorting office building for Birmingham (hence its current name) which was completed in 1970. The building was converted by the Birmingham Development Company and designed by the RIBA award winning, Birmingham practice, Associated Architects. In 2013, the asset underwent a re-invention under the hand of Stanton Williams, winners of the Stirling Prize. It is the epitome of a mixed-use asset in which footfall arrives at the property from guests who visit the hotel, residents who live in the apartments, the employees of the multi-nationals that tenant the building, to customers of both the destination retail and leisure outlets.

EPC

Very Good