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Birmingham Business Park offices part of £31m portfolio sale

SSP's offices at Birmingham Business Park
SSP's offices at Birmingham Business Park
Alex Turner
Alex Turner
Editor

A PROPERTY on Birmingham Business Park has been acquired as part of a £31.4m deal. Investor CLS Holdings has bought five sites, including Unit 2500 The Crescent at Birmingham Business Park, from a private investor. The portfolio as a whole generates rents of £2.5m per year from 10 tenants and represents a net initial yield of 8%. The other properties are in Maidenhead, Reigate, Sidcup and Teddington. Unit 2500 is a 27,000 sq ft building over three stories which is let to insurance technology firm SSP until 2021... for the full story register now for free or login below...

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