Property overview

Broadway, Five Ways, Birmingham

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Nov 2007

Atlas Real Estate have recently concluded the off market purchase of Broadway, Five Ways, Birmingham on behalf of The Glanmore Property Fund.

The purchase price was £59,000,000 which reflected a net initial yield of approximately 5.85% for the long leasehold interest.

The building is one of the most prominent buildings in Birmingham and totals approximately 258,500 sq.ft on a site of approximately 4 acres.

The ground floor comprises a Tesco supermarket of 91,000 sq.ft with multi-let offices above and a large multi-storey car park to the rear of the building.