Zeta at Cobalt Park is a five storey 126,000 sqft modern office building, which comprises an energy efficient, environmentally sustainable office building without compromising the quality and efficiency of the office space. Located on Cobalt Business Park, Newcastle – the largest office park in the UK, comprising 1.7m sqft of modern accommodation and will provide 2.5 million sqft of accommodation when complete. The park has been developed by Highbridge Properties from 1996.

Moorfield purchased Zeta at Cobalt Park in joint venture with Highbridge Properties.

Following a targeted marketing process, a sale was agreed with LCN and the asset was sold.

Buildings 1, 2 and 3 Atlantic Quay comprise 280,000 sq ft of high quality modern office space built to a ‘Grade A’ specification. Atlantic Quay is a unique office complex providing an attractive working environment that fronts the River Clyde. It benefits from excellent access to Glasgow’s key public transport hubs with Central and Queen Street train stations located only a short walk. It is also just a short walk from Glasgow’s main shopping, leisure and entertainment districts and accessible to all major road, rail, air and bus links. MREFIII is working in association with Resonance Capital in realising the investment’s refurbishment and re-letting opportunities. AQ1,2 & 3 have now been sold.

MREFIII and Oaktree Capital Management (Oaktree) acquired 100 Barbirolli Square in Manchester in July 2013. The investment is a joint venture between MREFIII with Moorfield as Asset Manager and Oaktree. The prestigious 140,000 sq ft Grade A office building is situated in the heart of Manchester City Centre and at the time of ownership was let to DLA Piper, Ernst & Young and Addleshaw Goddard. The investment forms part of the Barbirolli Square development, a prime city centre landmark office scheme. Built in 1997, 100 Barbirolli Square comprises 135,000 sq ft office accommodation across large flexible floorplates throughout the ground and eight storeys. In addition there is a 5,200 sq ft restaurant at the lower ground floor and secure parking for 141 cars over three basement floors. This investment has now been sold.

The Towers is an urban business park in Didsbury South Manchester. The estate consists of 9 office buildings, totalling 290,000 sqft, set within 19 acres of landscaped parkland. Located only a short walk from Didsbury Village, The Towers location and abundance of surrounding amenities are key to its tenant appeal. The M56 is less than 2 miles away and the public transport links including Didsbury Metrolink, East Didsbury railway station and main bus station nearby further enhance the employer/ee appeal. During ownership Moorfield undertook an extensive refurbishment programme, an off market approach from Lone Star resulted in an early realisation of the business plan and sale of Towers.

Skypark is a landmark urban business park in Glasgow. Glasgow is the biggest city in Scotland and the third largest in the UK. At acquisition it had a population of c.630,000 and at the centre of a catchment population of over 3m. Positioned strategically on the immediate periphery of Glasgow’s Central Core, Skypark has unrivalled connectivity to all forms of transport and is within a 10 minute walk of the city centre. Totalling c.550,000 sq ft, Skypark comprises six buildings providing a wide variety of office, storage and retail accommodation. Together with joint venture partner, Resonance Capital, Moorfield repositioned this asset to create a multi-let destination office location with extensive amenities. In February 2015 an off-market approach from Lone Star resulted in an early realisation of the business plan and sale of the investment.

Acquired as a sale and leaseback, Mitchells & Butlers plc’s (M&B) headquarter is a Grade “A” specified office building, and an interlinked and separately accessed 120 bedroom hotel, from M&B on a sale and leaseback in January 2009. The property was built by M&B in 2003 and is located on Fleet Street in Birmingham. The premises consisted of the 95,000 sq ft office building which was rented back to M&B on a long lease for their continued occupation and the office building is constructed over 3 main floors, with 3 levels of basement car park. The hotel is over 4 levels with an entrance, reception desk and restaurant at ground floor. The basement car park provides 278 spaces. The hotel is operated by M&B under a franchise agreement with InterContinental Hotels Group, trading as a Holiday Inn Express. This asset has subsequently been sold.

30,000 sq ft West End offices and retail in the heart of Piccadilly.  This was acquired in a portfolio transaction and subsequently sold to a serviced offices operator.