31 Temple Street, Birmingham, B2 5BD
DTZ Investors, represented by Atlas Real Estate, has recently completed on the sale of a prime office repositioning opportunity in Birmingham city centre.
The property is located on Temple Street in the heart of Birmingham’s Central Business District and comprises a vacant 56,895 sq.ft office building. The property was sold with the benefit of a planning consent for the comprehensive refurbishment and reconfiguration of the building.
The property was sold to Investream, represented by Avison Young, for £14,100,000 which reflected a capital value of £248.00 per sq.ft.
Ben Blackwall, Director at Atlas Real Estate ‘We were delighted to secure sale of this prime repositioning opportunity on behalf of DTZ Investors. The sale was keenly contested and highlights the depth of demand from investors together with an optimistic outlook for Birmingham’s office market. We wish Investream all the best with the refurbishment and look forward to seeing this landmark building brought back to life.’