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Major investment in Birmingham offices announced

wantspacegotspace.co.uk - Major investment in Birmingham offices announcedA major multi-million-pound investment in a prominent Birmingham city centre office building has been completed by a leading West Midlands property company.

Birmingham Properties Group has purchased the freehold of Kensington House at Suffolk Street Queensway, located near major retail and leisure facilities at The Mailbox and New Street Station, for an undisclosed sum.

The 52,000 sq ft seven-storey office building, which has 12,000 sq ft of ground floor retail and leisure space, includes recently refurbished open plan office accommodation on the 5th and 6th floors.

Tenants include financial services firm Deloitte, the UK Border Agency, and training and employment company Seetec Group.

John Tebbutt, managing director of Birmingham Properties Group, said “We have always viewed Kensington House as a well located building, and its location is improving due to the redevelopment of New Street Station and the forthcoming arrival of a new 250,000 sq ft John Lewis store.

“This represents a major investment and demonstrates our continued commitment to the Birmingham and wider West Midlands market. It is fair to say that we have started 2013 in an acquisitive mood and we are actively seeking further attractive opportunities.”

The property was marketed by agents Collingwood Rigby and Jones Lang LaSalle. Jonathan Ward, of Collingwood Rigby, said: “Birmingham Properties Group were chosen by our client as they were able to clearly demonstrate the ability to purchase and complete the transaction in the required timescales.”
CAPTION: John Tebbutt (left), managing director of Birmingham Properties Group, with Jonathan Ward, of Collingwood Rigby, celebrate completing the deal at Kensington House in Birmingham.

Posted by The Editor (wantspacegotspace) on 13th April 2013 (updated 15/04/2013)

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