NEWS

February 2011
Office Space Released to Market at Nine Brindleyplace

Hines Global REIT and Moorfield Group (Moorfield) have stated their intentions for the future of Brindleyplace with the release of their first office space opportunity to the occupier market.

Following the £190m acquisition of eight buildings at Brindleyplace in Birmingham from The Brindleyplace Limited Partnership in July 2010, the companies are marketing 4,351 square feet of self-contained office space within Nine Brindleyplace.

The first rental opportunity in Nine Brindleyplace since its completion in July 1999, Hines Global REIT and Moorfield have undertaken a high-quality refurbishment of the second floor suite which provides the opportunity for organisations to take a smaller individual office suite and reap the benefits of the Brindleyplace location.

Igor Mathias of Hines commented: “One of the best mixed-use estates in the UK, Brindleyplace has already proved to be a very strong asset for Hines and Moorfield due to the impressive and stable occupier list that we have acquired here.  The investment which we have made into bringing Nine Brindleyplace up to 2011 standards is our first opportunity to physically demonstrate to both existing and potential occupiers our committed asset management strategy and ambitions for Brindleyplace’s future. We believe strongly in forging mutually beneficial tenant / landlord relationships for the long term and look forward to welcoming a new company to Nine Brindleyplace in the near future.”

Nine Brindleyplace is managed by Argent which provides the highest level of quality service and value to occupiers. The available suite is situated on the second floor of the property overlooking Oozells Square and offers self-contained space with excellent levels of natural light. Fully refurbished, the open floorplate provides a flexible, efficient working environment designed for today’s modern business needs.  The space is fully DDA compliant and comes complete with five basement parking spaces.

Joint agents for Nine Brindleyplace Charles Toogood of GVA and Craig Satchwell of Colliers International added:

“This is a rare opportunity for a smaller office occupier to become part of the established Brindleyplace business community. Hines Global REIT and Moorfield have made a clear statement of intent toward repositioning Brindleyplace to match the demands of future office occupiers through this significant refurbishment. The first office vacancy at Nine Brindleyplace for 12 years, this presents a truly unique opportunity for a business seeking a small open-plan, contemporary office accommodation set within the well-established Brindleyplace estate.”

Current occupiers of Nine Brindleyplace include BRMB, Beachcroft LLP, Odgers Ray & Berndtson, Unity Trust Bank and Piccolinos Italian restaurant. Designed by Associated Architects, the mixed-use building overlooks Oozells Square and combines 53,000 square feet of office space with 15,000 square feet of restaurant space, arranged around a central courtyard and including private basement parking.

Brindleyplace offers a total of approximately 1.6 million square feet of mixed-use development in Birmingham city centre including offices, apartments, a hotel, 30 restaurants, bars and cafés, as well as leisure and recreational facilities. The estate is internationally recognised as an award-winning benchmark for urban regeneration and is already home to over 8,500 people working for some of the UK's leading businesses across the professional and financial services sector.

For further details on office space available in Nine Brindleyplace contact Charles Toogood at GVA on 0121 609 8448 or Craig Satchwell at Colliers International on 0121 265 7520.

About Hines Global REIT

Hines Global REIT is a U.S.-based, public, non-traded real estate investment trust sponsored by Hines and located in Houston, Texas.Hines Global REIT commenced its $3.5 billion initial public offering in August 2009 and has raised over $430 million, which it intends to use to invest in commercial real estate properties and other real estate investments in the U.S. and internationally. To date, Hines Global REIT owns four U.S. properties and Brindleyplace in Birmingham, U.K. For additional information about Hines Global REIT visit www.HinesREI.com.

About Hines

Hines is a fully integrated real estate investment and management firm that has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for over 50 years.With offices in more than 100 cities in 17 countries, and controlled assets valued at approximately $23 billion, Hines is one of the largest real estate organisations in the world.Access www.hines.com for more information on Hines.

About Moorfield

Moorfield Group (Moorfield) is a UK real estate and related private equity fund manager and investor with some £2.5 billion of assets and geared cash under management through the Moorfield Real Estate Funds (MREFs).

Moorfield directly acquires single or multiple assets, or indirectly invests through corporate vehicles, including joint ventures. Moorfield supports entrepreneurial management teams that want to grow their real estate businesses or that want to take specific advantage of market circumstances.  Moorfield also provides mezzanine and structured finance solutions where appropriate as well as acquiring debt whether related to single asset, multiple asset or corporate structures.  For further information, visit:  www.moorfield.com.