Phoenix Thoroughbreds become Newmarket residents with new offices

Phoenix Thoroughbreds now have a permanent base in the UK after setting up offices in Newmarket 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 established a base in the UK.

"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 chief executive Amer Abdulaziz.

"As we expand our operations globally, this shows how important the racing and bloodstock industries in the country are to us and how keen we are to continue our presence there."

Phoenix Thoroughbreds recently had a Royal Ascot to remember, with a 1-2 in the Group 1 Commonwealth Cup, with Advertise beating Forever In Dreams, who had been bought just four days earlier at the Goffs London Sale for £430,000 to join the owners' female syndicate.

Advertise leads home another Phoenix Thoroughbreds-owned horse in Forever In Dreams (grey) in the Group 1 Commonwealth Cup at Royal Ascot last monthCredit: Edward Whitaker

The investment fund took up residence in their new premises in British racing's headquarters on Monday.

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."

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