14 January, 2019
DTZ Investors disposes of Fujitsu Building on Birmingham Business Park
DTZ Investors has completed the sale of Unit 6000 on Birmingham Business Park in Solihull.
Birmingham Business Park is an established regional out of town office park home to over 100 occupiers, situated c.12 miles from Birmingham City Centre within proximity to the M42 Motorway. The unit comprises 120,768 sq ft of office and production space arranged over ground and part first floor and is let to Fujitsu Services Limited, with a lease expiring in 2024. The sale was launched in September at a guide price of £18.5m, with the property attracting strong interest from institutional global investors. This sale is in accordance with the Fund’s objectives disposing of a non-core asset which presented the Client with a high concentration of income risk in 2024 and assists with the repositioning of the Client’s portfolio targeting multi-let assets offering diversified income in large urbanised environments.
DTZ Investors were advised by Savills.
For more information please contact Tom Royston.
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