Phoenix Thoroughbreds, for the first time, have a permanent base in the UK after setting up offices in Newmarket’s historic high street.
Although the Group’s parent company, Phoenix Fund Investments, have long held office space in London, this is the first time the equine arm of the operation has solely established a base in the UK. It’s a move that demonstrates the Dubai based team’s continuing commitment to the racing industry in the country, while the central location provides a perfect location close to the major sales at Tattersalls in addition to their interests at the National Stud.
“It was important for the fund to have a permanent presence in the UK and where better to have that than Newmarket, a town synonymous with Racing,” said Phoenix Thoroughbreds CEO Amer Abdulaziz. “As we expand our operations globally, this shows how important the racing and bloodstock industries in the country is to us and how keen we are to continue our presence there.”
The innovative investment fund took up residence in their new premises on Monday with the administrative support team the first to move in. The space will also provide professional facilities for the team’s staff from across the globe to work when they visit the UK while offering a fixed point of contact for Phoenix’s partners and suppliers.
“We are often in Newmarket for the sales, to see our broodmares and stallion interests at the National Stud or to go racing,” Continued Abdulaziz. “It’s fantastic that we now have somewhere we can go to ensure the efficient running of Phoenix. We look forward to welcoming our investors to Newmarket in the near future as we continue to grow our team in the UK.”