Education provider snaps up Birmingham city centre building

A Birmingham city centre office building has been purchased for £3.8m by a London-based education provider.

York House sits on a prominent corner location at Newhall Street and Great Charles Street and is a five storey building of 22,175 sq ft.

The freehold building is partly let, producing annual rental of £136,462 and the purchaser, Planet Education Networks, intends to turn the property into an education campus.

Planet Education Networks works in higher education, providing a range of programmes, and currently operates a number of educational facilities, including Elizabeth School of London, Zenith School of Studies, London Professional College and the Victoria College of Art & Design.

James Mattin, managing director of Bond Wolfe, said: “We are delighted to have concluded this sale after a competitive bidding process.

“This is a further example of the potential to reposition assets such as York House that may no longer fit the modern day requirements for city centre office use, and greater value is placed on buildings like this by alternative use purchasers.”

Planet Education Networks was advised by Tess Law in Essex and law firm Clark Brookes Turner Cary in West Bromwich acted for the undisclosed seller.