Birmingham Business Park offices part of £31m portfolio sale

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 thr... For the full story register now for free or login below...