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Old February 3rd, 2011, 07:06 PM   #101
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Probably about 2 if bankers are involved and a budget of only £1.5bn
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Old February 4th, 2011, 01:59 AM   #102
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i agree broad st needs to sort itself out.
Who owns brannagans unit? Thats been empty for ages now.
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Old February 18th, 2011, 05:36 PM   #103
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Another article about the Business Growth Fund, still doesn't hint at where they will be taking space.

Quote:
Big hitters revealed for Birmingham-based £2.5bn equity fund

* by Anna Blackaby, Birmingham Post
* Feb 18 2011


Two big hitters from the worlds of business and finance have been selected to head the Birmingham-based £2.5 billion equity fund set up by the major banks.

The Business Growth Fund, which will have its operational and back office functions in the city, will in April start making investments in small and medium-sized firms with a turnover of £10 million and above.

The fund will also have a network of regional offices around the country.

It will be led by veteran industrialist Sir Nigel Rudd as chairman with Stephen Welton, a well-known private equity figure, as chief executive.

The Business Growth Fund is backed by the UK’s major banks Barclays, HSBC, Lloyds Banking Group, RBS, Santander and Standard Chartered, who earlier this month agreed to pump an extra £1 billion into the fund as part of the Project Merlin agreement.

Business Growth Fund chief executive Stephen Welton said the fund would invest across a range of sectors with a common objective to help companies grow.

“If they need long-term equity finance, we will be able to provide that,” he said. “In addition we will be able to provide a source of experience and business advice.”

He added: “These are the companies that will hopefully become the large companies and future successes of tomorrow.”

Sir Nigel Rudd said: “We want to make a lasting and substantial economic impact by broadening the financial options available to businesses.

“By investing equity in Britain’s most dynamic businesses and being involved at a board level, we intend to foster a very collaborative approach to financing growth.”

The funds’ investments will be in equity or related instruments, taking minority stakes of between £2 million and £10 million each.

In addition to an injection of capital, the BGF will also normally take a seat on the board of those companies.

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Old March 17th, 2011, 02:18 PM   #104
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Birmingham office supply crisis looming, says Colliers
Last updated: Thu 17th March, 2011 | Time: 08:28am
Interest in office stock in Birmingham is the highest it has been for five years, fuelling fears of a looming supply crisis. According to Colliers International’s newly released net stock absorption survey, the city’s vacancy rate stands at 18.4 per cent – the lowest for two years.

Total occupancy across central Birmingham rose by 221,825 sq ft during 2010. The city has been in receipt of significant growth over the last decade; 5.1 million sq ft of space was added between 2000-2012, compared to 3.9 million sq ft in the ‘80s and ‘90s combined.

According to Craig Satchwell, a director and head of the office agency team at Colliers International’s Birmingham office, the completion of the city’s Cub development signals the end of the current speculative development cycle, with no new offices currently being built.

Satchwell said: “For the short-medium term, with the exception of Two Snowhill, there are few, if any, deliverable new build schemes in the central office core.

“In the absence of funding for speculative office development landlords and developers need to look at opportunities to recycle existing stock to accommodate new inward investors to the city. However, given the limited pool of opportunities, this can only be a short-term solution.”

However, with Grade A shortages becoming more pronounced, rent rises over the next 24 months are inevitable, added Satchwell. Colliers predicted that rental growth will return in 2012, with prime rents potentially reaching £30 per sq ft by 2013.


From Midlands Business Insider
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Old March 17th, 2011, 04:51 PM   #105
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Thats actually superb news, with demand rising and supply dropping, we may see the bigger projects sooner then expected, Beorma and the British Land project on Colmore row for example.
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Old March 21st, 2011, 09:34 PM   #106
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Could we have this thread renamed "West Midlands Economy & Company News" please?


Ive heard that Eastside, Digbeth and Longbridge could all be named in the governments 10 Enterprise zones for the UK.

Also thought id post this here:

Quote:
Binding Site has announced that it is relocating its headquarters this month to a larger facility in Birmingham.

Located near to Five Ways, the six-storey building will house the immunodiagnostic products manufacturer's 380 UK-based members of staff and better serves the needs of the growing business.

According to the company, the new headquarters will provide superior environmental performance, offering solar control glass, convenient public transport links, rainwater harvesting and a BREEAM rating of 'excellent'.

The choice of location also allows Binding Site to retain its strong links to Birmingham, having originally been created as an offshoot of the local university in the 1960s.

Binding Site will hold an opening ceremony for the office during March 2011, when it will also celebrate its most recent Queen's Award for Enterprise win.

In January 2011, the company appointed Mark Culwick, a former employee of Rothschild and SmithKline Beecham Pharmaceuticals, as its new chief financial officer
http://www.zenopa.com/news/800470069...irmingham_base
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Old March 21st, 2011, 11:47 PM   #107
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http://www.zenopa.com/news/800470069...irmingham_base[/QUOTE]

Just checked out the Biding Site web site and this deal for Calthorpe's Five Ways development was agreed last September, since been fitting out.
Its for over 100.000 square ft, not sure how much space was in the whole building but this is a big office take up, which must put more pressure on the short supply of brand new office space in the city centre.
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Old March 22nd, 2011, 10:44 AM   #108
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Cadbury Kraft: A Year On

http://www.bbc.co.uk/programmes/b00zflb4
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Old March 24th, 2011, 09:00 PM   #109
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Lets hope this could bring in some investment:

Quote:
Martineau and Loyntons seal China collaboration

Mar 24 2011
0ShareAdd a commentRecommend Two Birmingham law firms have sealed a unique collaboration with the aim of winning more business in China - as its economy climbs into second place behind the United States.

Martineau senior partner Andrew Whitehead and Loyntons’ director Jenny Loynton finalised the terms of the deal during a visit to Sam Wa Minerals in Beijing – a client the firms jointly advise.

The firms were in China to advise the mining company, which exports minerals for the manufacturing sector, on UK investment and trading opportunities.

Under the terms of the agreement Martineau and Loyntons will share resources to service existing Chinese clients and target the increasing number of Chinese businesses looking to invest in the Midlands.

Jenny Loynton said: “Collaborative approaches like the one we are adopting with Martineau offer a one stop shop for our Chinese clients. We both bring something different to the table. Martineau is a top 100 law firm and respected regional heavyweight with strong international credentials. Loyntons is renowned for its work with the extensive Chinese business community here in Birmingham.

“Together, we offer a unique capability that Chinese businesses will find irresistible.”

Mr Whitehead said: “China is a market Martineau cannot afford to overlook, and by collaborating with Loyntons we can now offer our Chinese clients a unique offering of legal and business services focussed on Chinese companies looking to take advantage of the favourable business climate here in the UK.”

While in China, the team also visited Jiangyin in Jiang Su Province, to see a number of Chinese manufacturers in the solar energy sector.”

He added: “There is no doubt that the Chinese economy is growing at a startling rate, and the energy sector is a good illustration of that.

“With UK feed in tariffs currently very high for renewables and solar in particular, the UK energy sector is increasingly attractive to Chinese businesses, and our collaborative approach is already securing new business in this important sector.”

The collaboration is aimed at drawing on the specialist skills of both firms. Loyntons boasts lawyers with Cantonese and Mandarin language skills, as well as specialist expertise in areas such as immigration, property law and licensing.

Martineau brings a full service corporate capability, as well as a close association with leading Chinese law firm Jun He, which has offices in Beijing, Shanghai, Dalian, Haikou, Shenzhen and Hong Kong.

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Old March 24th, 2011, 09:05 PM   #110
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More lettings:

Quote:
Liberty Mutual Insurance Europe relocates to Colmore Business District

Mar 24 2011
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The growing American presence in Birmingham has been given a further boost after one of the world’s biggest companies took up new space in a top city scheme.

Liberty Mutual Insurance Europe, a Fortune 500 company and part of the global US-owned Liberty Mutual Group, has relocated to 45 Church Street – in the Colmore Business District (CBD), taking 2,247 sq ft at the new office development. Other occupiers at 45 Church Street include Mazars, Coutts & Co and King Sturge.

GBR Phoenix Beard’s Ben Thacker and Matt Long of DTZ are joint letting agents for 45 Church Street which is owned by Standard Life Investments, and Mr Thacker said there continues to be strong levels of interest in the development.

He said: “There has been no let up in enquiries for 45 Church Street and the calibre of companies investigating the opportunities here is extremely high, with a preponderance of nationally and internationally recognised names in the financial and professional services sector.”

Mr Long added: “This is an extremely high quality office development set right in the heart of Birmingham’s business district, incorporating the latest technological and design features which prime office occupiers need to be able to operate successfully.

“We are delighted that Liberty chose this as the base from which they will lead their Midlands operations.”

Neil Findley, business development manager from Liberty, is looking forward to relocating with colleagues from their existing premises in Newhall Street.

“Birmingham and the Midlands are an important part of our UK regional operations, and this move signals our commitment to serving clients in the region,” he said.

“45 Church Street is a statement office location and offers an excellent working environment for our Birmingham-based team.


“This is an important move for us and the new office will play a key role in our future plans.”

There are now 700 US-owned businesses with a base in Birmingham and their presence has been further strengthened in the past 12 months with US property giant Hines acquiring a large chunk of Brindleyplace in a joint venture with Moorfield for around £200 million last year.

The US company, which has previously had designs on Birmingham’s wholesale markets site in Digbeth although the recession has since stalled a planned move for the markets out to Witton, is believed to be on the verge of signing a deal to take on the second phase of Ballymore’s Snowhill scheme.


The project has been stalled for almost two years after Ballymore lost its original funding for the scheme after the construction of the footings and concrete cores and has been looking for a new funder or a buyer ever since.

The development has already secured a pre-let for the majority of the building with law firm Wragge & Co which can walk away from the scheme if it is not completed by the end of 2012.

However, while Hines is not commenting on the deal, Ian Metcalfe, Wragge’s managing partner, said the firm was looking forward to beginning its fit out next year.

He said: “Ballymore has kept us informed every step of the way.

“The timetable has shifted due to the recession but we remain committed to Snowhill and we’re on track to start our fit out works in 2012 as planned.”
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Old March 25th, 2011, 11:25 AM   #111
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This all sounds really good...

But i just hope that developers take note of the increase in demand and start building again...and not crap like Calthorope have done at Five Ways but real developments that stand out... large, not scaled back and that Birmingham can be proud of!
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Old March 28th, 2011, 10:56 AM   #112
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Thought this might be best on here. But do we have another thread for economy news in Birmingham?

Birmingham predicted to remain as second city in GDP terms by 2025


Birmingham will still be the second city in terms of GDP in 2025 but Manchester will have slightly narrowed the gap, according to the new ‘Urban world: Mapping the economic power of cities’ report from the McKinsey.

The report says Birmingham is currently second to London with a GDP of £132 billion to Manchester’s £106 billion - both dwarfed by the capital with a GDP of £925 billion.

By 2025, the report predicts that Birmingham will remain the second most economically powerful city in the UK with a GDP of £160 billion with Manchester closing the gap slightly with a GDP of £131 billion.

The big change will see Liverpool, currently the fourth most productive city in the country ahead of the West Yorkshire conurbation of Leeds and Bradford, drop out of the top five to be replaced by Southampton on the south coast.



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Old March 28th, 2011, 12:16 PM   #113
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This is very interesting. Is it the conurbation or just business within the city limits?
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Old March 28th, 2011, 11:50 PM   #114
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For those wanting to know Jaguar Land Rover is gearing up for a big recruitment drive.

They are currently recruiting for HR staff to deal with the masses of assessment centres and applications.
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Old March 29th, 2011, 02:36 AM   #115
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Quote:
Originally Posted by Anup24 View Post
Thought this might be best on here. But do we have another thread for economy news in Birmingham?

Birmingham predicted to remain as second city in GDP terms by 2025


Birmingham will still be the second city in terms of GDP in 2025 but Manchester will have slightly narrowed the gap, according to the new ‘Urban world: Mapping the economic power of cities’ report from the McKinsey.

The report says Birmingham is currently second to London with a GDP of £132 billion to Manchester’s £106 billion - both dwarfed by the capital with a GDP of £925 billion.

By 2025, the report predicts that Birmingham will remain the second most economically powerful city in the UK with a GDP of £160 billion with Manchester closing the gap slightly with a GDP of £131 billion.

The big change will see Liverpool, currently the fourth most productive city in the country ahead of the West Yorkshire conurbation of Leeds and Bradford, drop out of the top five to be replaced by Southampton on the south coast.



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Is it my maths letting me down or is Birmingham currently £24bn ahead of Manchester, with a prediction of £29bn ahead in 2025?

Thats means Brum will be pulling away from Manc, not losing ground as the headline claims.
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Old March 29th, 2011, 09:50 AM   #116
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In percentage terms we are 24.5% ahead of them at the moment but we will be 22% ahead in 2025.
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Old March 29th, 2011, 09:31 PM   #117
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Quote:
Stock Exchange Offices Sold for £7.95m
Published by Simon on Tuesday, 29 March 2011 at 2:17 PM


The Iconic Stock Exchange office building in Birmingham City Centre, which recently underwent a £1.85m refurbishment, has been sold to Capital Trust for £7.95m.

Located a short distance from Snow Hill Station, the Stock Exchange office building was originally build in the 1920’s and provides 36,000 sq. ft. of grade A office space – all of which is currently let to the Global Banking Group EFG International who are headquartered in Zurich.

Previously owned by Stoford Ventures, who also carried out the refurbishment of the buildings office space prior to the sale, the Stock Exchange building has been shortlisted by the British Council for Offices (BCO) for an award which recognises upgraded office space.

Speaking to the Birmingham Post, Scott Tyler of independent property consultancy Allsop, who advised Stoford Ventures on the sale, stated that:

“The Stock Exchange building is a striking asset in a core city centre location with a long lease to an excellent covenant.”

“The investment was of particular interest to private and overseas investors scouring the market for rare secure investments . The price reflects the scarcity of secure long leased stock.”

Based on reports from other commercial agents within the city, the scarcity of “secure long leased stock” is not the only problem facing Birmingham’s commercial property market, with a diminishing stock of available grade A space also being predicted due to the failure and “moth-balling” of new developments during the financial downturn.

You can explore the refurbished Stock Exchange building and it’s BCO shortlisted office space via a Photo Tour by clicking HERE.
http://www.officebroker.com/blog/201...032011424653f/

AND

Quote:
JBP expands business into Birmingham
Public Relations / England & Wales
PR and parliamentary affairs specialist, JBP, has today announced the opening of its Birmingham office.

The company, which currently has offices in London, Bristol, Cardiff and New York has moved into Birmingham as part of a major growth strategy to increase company turnover from £2m to £5m in the next three years.

"We believe there is a significant market opportunity for an experienced corporate PR and parliamentary affairs specialist in the region and we are already generating a lot of interest from potential clients,” said Lis Anderson, director at JBP (pictured) and head of the company’s West Midlands operation.

“JBP has a firmly established reputation as a leading agency in London and the South-West and a move into the West Midlands is a natural progression of our geographical footprint," added Anderson

JBP, which has a number of West Midlands-based clients including waste treatment company Knowaste, logistics firm Palletways and law firm Clarke Willmott, has made the move into Birmingham as part of its plan to grow business in the region.
http://www.thedrum.co.uk/news/2011/0...to-birmingham/
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Old March 31st, 2011, 09:13 PM   #118
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Lets hope this gives encouragement for other firms to locate within Birmingham:

Quote:
Mazars sees major growth after city centre move

Mar 31 2011
0ShareAdd a commentRecommend Accountancy firm Mazars has embarked on a major expansion since moving into Birmingham’s city centre business district.

The firm has recruited 22 new staff – a 15 per cent increase in total employees – since moving the headquarters of its Midland operation into 45 Church Street, in September.

Midland managing partner David Chapman said the recruitment had been across all divisions and had been driven by new business wins and Mazars’ international reach.

“Since moving into the centre of Birmingham, we have won new business from bluechip clients such as Pertemps and Aviva, and the team here already works for an expanding list of international and quoted clients including Alstom UK, Manganese Bronze Holdings, Portmeirion Group, Schneider Electric, GeoPost and Arval.

“We know Tata well in India and we are continuing to work for Jaguar Land Rover in the Midlands,” he said.

The recruitment was also driven by an increasing volume of work in specialist areas such as forensics, corporate finance and governance.

“Mazars is winning new business because clients recognise that we are a genuinely integrated international practice, rather than a network of allied firms or separate partnerships in different countries,” he added.

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Old April 3rd, 2011, 08:43 PM   #119
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I wonder if this means 100 people per city or across the 3 offices? Be interesting to see where they sign up to, sorry about the length of the article, ive highlighted the main bits though:

Quote:
Sir Nigel Rudd and Stephen Welton say new investment fund will create 'opportunities that don't currently exist'
Three and a half months ago, Sir Nigel Rudd was fighting a losing media war about the snow that paralysed Heathrow Airport before Christmas. Now the clocks have gone forward, spring has arrived and the BAA chairman is getting animated about green shoots.

Sir Nigel, left, and Stephen Welton. The BGF also wants to invest in companies that have the potential to tap into markets not just in the UK but abroad too. By Andrew Cave 8:00AM BST 03 Apr 2011
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More particularly, he's launching a new business – and it's a whopper. The Business Growth Fund (BGF), set up by Britain's top six banks and chaired by Sir Nigel, will have £2.5bn of capital to invest in small and medium-sized firms.

In the medium to long-term, he sees it floating on the London Stock Exchange and entering the FTSE 100. In the really long term, he believes it could even be among Britain's 10 biggest companies.


First, however, Sir Nigel and BGF's new chief executive, Stephen Welton, have to deal with why there's a need for this new investment company, founded with encouragement from the Government and capital from Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander and Standard Chartered.

Despite the business being backed by banks, Sir Nigel, a former deputy chairman of Barclays, understands why some might engage in bank bashing.

"I've seen this from two sides," he says. "I've been an entrepreneur and I've also been director of a bank, and I've seen that banks are not good individually at investing long-term in equity in smaller businesses, and they are also reluctant lenders on a long-term basis.

Related Articles
Business Growth Fund - fast facts and the men at the helm
03 Apr 2011
"Also, the people in banks are not trained to do it. They're not the kinds of people who can advise on the management of a business. They're bankers."

Warming to his theme in the BGF's temporary offices inside an ornate HSBC building in London's St James's, he sees the new fund as allowing banks to get back to doing what they do best.

"Banks should be lending to small and medium-sized businesses on a short-term working capital requirement basis," he says.

"But they've been lending to small companies, effectively providing fixed capital for a bankers' return, and there's been nobody in the market really providing equity for small businesses.

"There's a real situation here. It's alright to go on bashing the banks and saying they should lend more, and probably they should. But they shouldn't be lending to companies really in substitution for long-term fixed capital, which makes businesses more stable so they can make better decisions and can grow with confidence."

That, of course, was the reason the original 3i was set up by the Bank of England and the large British banks as the Industrial and Commercial Finance Corporation in 1945. It had a mandate to make long-term equity investments in growth businesses. Curiously, at the time, the justification was to talk about an "equity gap" – the exact term that Sir Nigel and Welton are using now. So why have we come full circle again?

"3i is a very successful company," says Welton, who has spent 20 years in private equity and joins BGF from CCMP Capital, formerly known as JP Morgan Capital Partners. "But they no longer provide growth capital at this end of the market, notwithstanding that they started here, because they're a global firm now operating on a global basis.

"What's happened over the past 20 or 30 years is that private equity firms have moved up the size spectrum and invested more capital typically in buyouts. Growth capital is something that's become less and less available. So this gap has naturally emerged as private equity firms have changed their priorities."

So banks don't have the skills to invest equity in small business and private equity, which abounds with such skills, don't want to do it anymore.

Welton looks uncomfortable with that summation of affairs, but that seems to be what the duo are saying.

The evidence certainly suggests there is a need. The Rowlands Review, published in November 2009, estimated that, out of 170,000 UK small and medium-sized companies, 25,000 to 32,000 were in the growing and restructuring bracket with characteristics that make them suitable for growth capital finance.

SMEs employ 13.7m people in the UK – 59pc of the total private workforce – but the recession and current austerity squeeze are having a severe impact on businesses seeking finance. The report estimated that between 1,300 and 2,100 businesses will be unable to raise finance from any source, or encounter problems raising finance from the first source they approach.

As the economy begins to recover, in the medium term, the report states that up to 5,000 SMEs per year could experience problems accessing growth capital.

The upper limit of public/private provision is around £2m, while the minimum level at which private equity providers fund is typically £10m and over. The BGF, by offering equity investments of between £2m and £10m to small and medium-sized companies, is aiming help to fill that gap.

So what is the BGF going to invest in? Well, let's do the negatives first. It's not going to be a bank, says Welton firmly, and it's not aimed at start-ups but at companies that have typically been operating for five to 10 years or longer.

It also won't invest in financial services companies but it will be particularly interested in targeting firms in the media, leisure, environment and health-care markets.
The BGF also wants to invest in companies that have the potential to tap into markets not just in the UK but abroad too. Welton is at pains to stress that behind the soft focus of a helpful funder it is going to be a profit-hungry, capitalist animal.

"This is a private sector organisation," says Welton. "We have to make a good return like any other private sector organisation, and we fundamentally need to practice what we preach.

"We're going to be supporting smaller growing profitable businesses that have good long-term futures and have to be run on sensible lines. We will be exactly the same.

"We're a company rather than a fund. We're called the BGF because that denotes investment but critically we are investing off our own balance sheet, and that gives us two very significant advantages. It means we can take longer-term investment horizons without having to recycle money back to private investors.

"We will be investing over five to seven-year horizons on average [and] as we realise gains from our portfolio we will reinvest that back into the business and into new companies. That enables us structurally to take a longer-term view, and that's extremely important."

The model for BGF's bank shareholders, say Sir Nigel and Welton, is pretty straightforward. They will provide the capital to enable the fund to develop a business of scale and over the longer-term they will enjoy returns as a shareholder in what will be a significant investment institution in its own right.

Formally launching over the next few weeks before opening to business next month, the BGF will have offices in Birmingham and Glasgow as well as London, and will quickly employ 100 staff.

"The scale of the Business Growth Fund is something that would be very difficult to replicate," says Welton. "It needed six banks to come together. £2.5bn is a huge amount of capital for the smaller company sector. An individual bank providing a portion of that we don't think would be as successful because of inherent conflicts of interest.

"In the size frame of providing £2m to £10m there isn't really an institution of any scale in this country that's providing that today. And there's an opportunity to create demand as well as respond to demand that may come across the door.

"There are family companies that have never thought about bringing in an outside partner. If we can convince them that this is genuinely a different opportunity for them and that we're in it for the long-term, we'll be creating something in terms of opportunities that doesn't currently exist."

So how did these two get involved? Sir Nigel, a past chairman of Pilkington, Alliance Boots and car dealership Pendragon, which he founded with one dealership in 1982, claims some credit for the idea of the BGF, saying he's been talking about the need for it for some time. He raised the idea with both David Cameron and Lord Mandelson before last year's general election.

He wasn't that surprised to get the headhunters' call, then? "They said: 'We hear you've been going on about this. Would you like to be put on a list to be chairman?' I said: 'Absolutely. It's something I really believe in'."

Welton, who before joining CCMP was chairman and chief executive of TV Travel Shop, a television distribution business in the UK and Germany, was looking to do something a bit different.

"As we come out of recession we think there's going to be a lot of interest from the business community at large for genuinely long-term capital which isn't currently available," he says.

"It's important for us to be very clear about what it is we are doing and why it's different, because there's an element of cynicism about the financial services sector generally at the moment.

"We're providing something that isn't available and our job is to communicate that to entrepreneurs and family companies that – as they think about how they're going to grow their businesses over the next five to 10 years – we will be able to provide capital and work alongside them as partners to achieve that. That's an exciting and very positive message.

"It's now been set up and it will be around we hope for decades," says Sir Nigel. "This is a new company that's going to be in existence for a very long time. The ambition over time will be to float it as a public company but that's way in the future. There won't be pressure on this company to sell its investments.

"If they're good companies we'll continue to keep the investments and enjoy the dividends or whatever the returns are. So it's not similar to a venture capital fund in any way in that respect. We're making long-term investments in companies and supporting them."

So what about the opportunity to invest in the BGF itself? Sir Nigel laughs. "I'm 64, so I think I'll be well gone from the company before that happens. We're building a very long-term business here."

As for Welton, he's only 50, so he might just get to take BGF into the FTSE100. If he can prove that the fund is just what business needs as the economy climbs back to health, he will deserve to.
http://www.telegraph.co.uk/finance/n...tly-exist.html
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Old April 4th, 2011, 09:08 PM   #120
sefton66
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Quote:
New office space at Nine Brindleyplace
Hines & Moorfield release first office space opportunity at Birmingham scheme

Article posted: 04 Apr 2011
Hines Global REIT and MoorfieldGroup recently stated their intentions for the future of Brindleyplace with the release of new office space to Birmingham’s 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 sq ft 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.”


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.


For breaking news relating to office space in the West Midlands follow us on http://twitter.com/officespacenews

Posted by Janet
http://www.freeofficesearch.co.uk/Of...year=April2011

And Birmingham City Council are set to slash the lighting bill in half to £2million within 5 years from the LED street lights

http://www.birminghammail.net/news/t...7319-28452376/
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