Posted 9 July, 2013 OBI NEWS
NorthEdge Capital the private equity house focusing on making investments of between £5-30m into northern based businesses has opened two new offices. OBI Property advised NorthEdge on the search and acquisition of new offices in both Manchester and Leeds.
The private equity house which has recently been established by Grant Berry and Andy Ball and is chaired by Michael Joseph, former chief executive of LDC nationally, has committed to 10 year leases at Vantage Point in Spinningfields and 29 Park Square in Leeds.
Will Lewis of OBI Property, advised NorthEdge on the moves commented “the part 6th floor at Vantage Point offers stunning views over Hardman Square, Spinningfields and the proximity to related financial and professional services business makes this a great place for the business to flourish. The Leeds office is again excellently located in one of the most desirable areas of the city Park Square.”
OBI Property also advised NorthEdge on the interior design of the new offices and also project managed the fit out works.
NorthEdge appointed UBS as placement agent and recently achieved final close on its maid fund at £225million. NorthEdge has already made three investments in the north of England and works with mid-market businesses with enterprise values between £10m and £100m.
CBRE advised the landlord of Vantage Point, Spinningfields and Savills represented the landlord of 29 Park Square, Leeds.