Birmingham property company snaps up law firm’s HQ

A Birmingham-based property company has purchased the headquarters of a law firm for £2.8m.

Higgs’ 28,600 sq ft Waterfront Business Park office in Brierley Hill has been its home for the last 15 years.

Parker & Parker, who specialise in investing in commercial and residential portfolios both in the UK and overseas, will now take over the base.

Tom Johnson of Michael Johnson and Co. who acted on behalf of Parker & Parker said: “We are delighted to have advised PPI Ltd. on another acquisition in the West Midlands and believe this asset will slot nicely into their ever-growing portfolio. We would like to thank all parties involved in the transaction and look forward to acting on behalf of PPI Ltd on further acquisitions.”

The vendor was represented by AP Investment.