Fujitsu’s Birmingham facility snapped up for more than £18m

The Fujitsu building at Birmingham Business Park in Solihull has been sold for £18.45m.

DTZ Investors sold the building to Brydell Partners, reflecting a net initial yield of 6.77%.

The 120,768 sq ft building is let to Fujitsu on a lease with 5.6 years unexpired and sits on a 10 acre site.

Birmingham Business Park is located in Solihull and close to Birmingham Airport, Birmingham International Station and the NEC.

The sale was launched in September at a guide price of £18.5m, with the property attracting strong interest from institutional global investors.

Tom Royston, associate director at DTZ Investors, said: “This sale is in accordance with the fund’s objectives disposing of a non-core asset which presented the client with a high concentration of income risk in 2024 and assists with the repositioning of the client’s portfolio targeting multi-let assets offering diversified income in large urbanised environments.”

DTZ Investors was represented by Savills.
Matt Jenns, associate in the investment team, said: “This asset offered an excellent opportunity to acquire a large scale facility let to a global occupier in one of Solihull’s most sought after locations, and we’re really pleased to have successfully completed the sale on behalf of our client.”
Brydell Partners were represented by FSP.