Fortix Capital – a newly formed joint venture between Watson’s Property and SecureHome – has completed the multi-million-pound acquisition of a portfolio of 26 apartments at Brindley House in Birmingham’s Jewellery Quarter for an undisclosed price.
The 26 two-bedroom apartments at Brindley House will undergo a comprehensive refurbishment programme before being repositioned for the rental market.
The joint venture – which has an additional four assets across the office and retail sectors under offer – is led by four founding partners: Alex Watson and Paul Watson from Watson’s Property, and James Ackrill and Carina Ackrill from SecureHome.
The firm is targeting counter cyclical and often overlooked stock across the UK, including complex transactions involving administrators and receivers. Investment activity will span residential, commercial and industrial properties, with the flexibility to move across asset classes as opportunities emerge.
Ackrill said: “There is no shortage of capital in the property market, but there is a shortage of experienced investors who can actually run assets through their full lifecycle. Fortix Capital is built to do both, and that is what allows us to take on situations and asset classes that purely financial buyers cannot.”
Watson added: “Brindley House is precisely the type of asset where our approach unlocks value. The pipeline behind it, spanning office and retail across the UK, shows this is a platform built for sustained activity rather than a single thesis.”
