Birmingham’s Temple Buildings get a new landlord

A Grade II listed retail and leisure building in Birmingham city centre has been sold in a £4m deal.

The Temple Buildings, located at the junction of New Street and Temple Street, has been acquired by a private investor.

Spanning over 10,000 sq ft, the property houses tenants including Moss Bros, Ryman, and Everyman Barbers, with upper floors used for residential accommodation.

Mark Johnson, director in MK2’s investment team, said: “Despite the economic challenges over the last few years, Birmingham’s retail and leisure market has remained resilient, with positive levels of take up and tenant demand.

“Temple Buildings sits on the main thoroughfare from Grand Central to the Colmore Business District and the popular bars and restaurants in the area, with high footfall and passing trade as a result.”

Steve Tommy of Hortons added: “The disposal of Temple Buildings is part of our ongoing strategy to reinvest in both existing and new projects within the industrial sector.”

Lewis & Partners advised the buyer.