HSBC building in Birmingham city centre sold for tens of millions

AVIVA Investors has concluded the sale of the Exchange Buildings in central Birmingham - home to HSBC - in a deal reflecting a net yield of 4.5%.

The deal, on behalf of Aviva Life and Pension UK, is for an undisclosed sum but some observers have suggested a figure of £40m.

The yield is understood to be one of the keenest paid for a retail asset in Birmingham during this cycle.

Exchange Buildings sits directly adjacent to Grand Central Shopping Centre and New Street Station. It has been sold to Orchard Street I... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...