Birmingham office building snapped up for almost £30m

An office building in Birmingham city centre, home to Lloyds Bank, has been snapped up for almost £30m. The deal for the 78,000 sq ft 2 Brindleyplace is the first for Aver Property, a new partnership between Ergo Real Estate and NFU Mutual. The building, constructed in 1997, was acquired from Hansainvest for £29.25m, and is let to Lloyds Bank until March 2022 at a rent of £2m a year. The price shows a slight reduction in the building's value from when it was sold in November 2008 for £30.5m. Martin Jepson, co-founder of... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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