{"id":2099266,"date":"2025-06-27T08:11:31","date_gmt":"2025-06-27T07:11:31","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/westmidlands\/?p=2099266"},"modified":"2025-06-27T08:13:17","modified_gmt":"2025-06-27T07:13:17","slug":"overseas-buyer-acquires-baskerville-house","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2099266-overseas-buyer-acquires-baskerville-house","title":{"rendered":"Overseas buyer acquires Baskerville House"},"content":{"rendered":"

An unnamed overseas buyer has bought Baskerville House, the Grade II-listed office building in Birmingham’s Centenary Square.<\/p>\n

The property was being marketed for \u00a348m at the start of the year<\/a>, although the value of the deal has not been disclosed.<\/p>\n

Federated Hermes had bought the property for \u00a340m 12 years ago, and had sought offers around \u00a370m when it first put the building up for sale back in 2018<\/a>.<\/p>\n

The development of Paradise in recent years has meant that Baskerville House’s presence has been diminished in Centenary Square.<\/p>\n

The deal was “rather belatedly” confirmed on LinkedIn by JLL director Ben Kelly, as he highlighted the company’s involvement in the deal and its roles as joint leasing agents and property managers for the building.<\/p>\n

Kelly wrote: “We have successfully advised a privately owned overseas purchaser on the acquisition of Baskerville House, Birmingham – one of the largest Big 6 office transactions to close during 2025.<\/p>\n

“Fantastic performance from our client who exchanged contracts within 2 weeks of agreement of terms. A really refreshing change from the extended deal timelines that have become the norm.”<\/p>\n

ACRE Capital Real Estate has been tasked with selling the Grade II-listed Birmingham building, which Hermes acquired in a \u00a340m deal twelve years ago.<\/p>\n

Around 16% of the 196,000 sq ft building is vacant, with the remaining occupied by tenants including University College Birmingham, Network Rail and Kaplan Financial.<\/p>\n

The site was originally the home of John Baskerville, the eighteenth-century printer whose innovations are now best remembered in typefaces that carry his name.<\/p>\n

Baskerville House was completed in the 1940s and was home to departments of Birmingham City Council for more than 50 years before it fell vacant in 1998. It was listed in 2001 before a major redevelopment programme resulted in two floors being added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Grade II-listed building in Centenary Square has new owner<\/p>\n","protected":false},"author":18,"featured_media":2022575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"coauthors":[81],"class_list":["post-2099266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-featured-story","tag-greater-birmingham"],"yoast_head":"\nOverseas buyer acquires Baskerville House | TheBusinessDesk.com<\/title>\n<meta name=\"description\" content=\"Grade II-listed building in Centenary Square has new owner\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2099266-overseas-buyer-acquires-baskerville-house\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" 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