Date: March 2001
Acquisition of Tindal Bridge

Tindal Bridge, Birmingham has been bought by clients of Capital Trust Ltd for £13.025m.

Tindal Bridge is a Court Yard Office Development in the Centre of Birmingham comprising approx 9,847m² (106,000sqft). Mainly it was developed in the early 1990's by Helmwall Ltd as part of an extensive regeneration of the City's West End . The property is located close to Brindleyplace and forms an attractive office campus.

Capital Trust Ltd, Investment Advisors to Tindal Bridge Investments Ltd, initiated and structured the deal. Nick Judd of Capital Trust said “we believe Birmingham , the UK 's second biggest city, is well placed for significant service sector growth in the next few years. Tindal Bridge is very well placed to benefit from further rental and capital value growth”.

Insignia Richard Ellis acquired the investment for the purchaser at an initial yield in excess of 9%. Head of Investments IRE, Steve Benson, said “we are delighted to be involved with the acquisition of Tindal Bridge close to the successful Brindleyplace development with which we have been involved for the past three years”.

King Sturge & Co acted for Helmwall Holdings.