Property company completes deal in Edgbaston

A BIRMINGHAM-based property company has acquired an office building in Edgbaston as it looks to grow its portfolio of properties and fuel its expansion.

CityTrack Investments has acquired Grade II Listed 37 George Road in a deal brokered by SDL Bigwood.

The terms of the deal have not been disclosed.

CityTrack Investments said it was keeping its options open on what to do with the property, which comprises 2,000 sq ft of offices.

Director Ibrar Afzal said the plan was to refurbish the three-storey property before deciding on its next move.

“I have a string of business interests so we may use it for one of our companies or we may simply let it out,” he said.

Mr Afzal said the transaction was a further example of Birmingham’s buoyant commercial property sector.

The expectation is that future schemes such as HS2 will strengthen the market as more businesses look to relocate out of London.

James Carver, a surveyor in SDL Bigwood’s commercial agency department, said: “We were very pleased to conclude what is a significant sale.

“This is an attractive period property in a prime position on George Road, which is a well-known office and residential location in leafy Edgbaston and within easy travelling distance of Birmingham city centre.  

“It created considerable interest.”