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13.
November
2017.
BIRMINGHAM BUSINESS PARK OFFICE INVESTMENT SOLD

PRESS RELEASE

13 November 2017

BIRMINGHAM BUSINESS PARK OFFICE INVESTMENT SOLD

IN OFF-MARKET DEAL

 

Quartz Investments has sold its freehold investment in a 26,000 sq ft office building at Birmingham Business Park in an off market deal.

 

Advised by Birmingham independent commercial property agency KWB and FSP, Stratford-upon-Avon-based Quartz Investments sold 1320 Solihull Parkway, Birmingham Business Park, Birmingham, West Midlands, B37 7YB, to Threadneedle for £5.65 million.  CBRE advised Threadneedle.

 

1320 Solihull Parkway is a modern, self-contained office building, recently comprehensively refurbished to Grade ‘A’ standard.  It is fully let to Vector GB Limited and BCA Logistics who took a new 10 year lease on 20,774 sq ft of office space on the ground and first floor in August 2017, in a deal advised by KWB and JLL.  Quartz Investments acquired the building in June 2016 and carried out a full refurbishment to attract a new tenant.

 

“The popularity of Birmingham Business Park as a key business location, and the lack of quality investment stock available at present, led CBRE to make an unsolicited approach on behalf of their client and we concluded the deal off market,” says Nigel Tripp, director of KWB.

 

KWB is the most active office agent in the Solihull and the M42 corridor, securing more than 60% of sales and lettings in 2016.  Further information about office space in the area is available from Mark Robinson on tel. 0121 233 2330 or email mrobinson@kwboffice.com, or via www.kwboffice.com.  Each quarter KWB produces comprehensive research into the Solihull office market.  The latest report can be found at https://kwboffice.com/research/research-offices-in-solihull/solihull-office-market-q3-2017/

 

With offices in Birmingham and Solihull, KWB is an independent firm of Chartered Surveyors which offers a comprehensive commercial property service and unrivalled market knowledge across the West Midlands.  KWB has been trading for more than 25 years and its senior management team has in excess of 200 years combined professional experience.

 

Picture caption: 1320 Solihull Parkway, Birmingham Business Park, Birmingham, sold by Quartz Investments in an off market deal.