Harris Lamb buys Birmingham office building on behalf of client

PROPERTY firm Harris Lamb has overseen the purchase of a 30,000 sq ft office building in Birmingham.

The consultancy purchased Aqueous3 at Aston Cross on behalf of an unnamed private family client on the back of a significant increase in market confidence.

Financial details have not been disclosed.

Harris Lamb has been predicting for some time that with confidence returning to the market, businesses would make the decision to invest and take on new premises, and could face a shortage of available space.

Andrew Lamb, a director at the firm, said: “The service sector always follows the industrial and manufacturing sector and knowing that to be the case we purchased this building as a result of the sustained and impressive return of manufacturing in the UK- particularly in the West Midlands – pre-empting a demand for prime office space in the city.

“This is a perfect example of the kind of speculative investment the office market has been calling out for, and a client recognising that need and fulfilling it.

“We’re now looking to implement a number of modifications at the property, and will market the building to potential tenants when the work is complete, providing an end-to-end service.”

Aqueous3 currently has 24,500 sq ft of office accommodation over three floors.

Potential modifications are now in the pipeline, including creating a new double-height glazed entrance to the building, and enclosing walkways with a glazed cladding system to create an internal space.