Longbridge office acquired from St Modwen by serviced office provider

A Longbridge office building has been acquired by UKO Serviced Offices in a £3.75m deal.

MK2 has sold Two Devon Way, at Longbridge Technology Park on behalf of St Modwen.

The 29,479 sq ft office building has been acquired by UKO Serviced Offices, a subsidiary of UK Land. It adds to serviced offices in Dudley, Wolverhampton, Birmingham and Worcester.

Built in 2007, the property is let to St Modwen Homes and Wardell Armstrong.

Mark Johnson, director in MK2’s investment team said: “Longbridge is emerging as something of a hotspot in the M42 office market, with occupiers favouring its fast transport links, good local labour supply and excellent ESG credentials. Product doesn’t come up too often here, so interest in this freehold investment opportunity was keen.”

Harris Lamb advised UK Land on the acquisition.