A Birmingham city centre office building has been bought for £3.8 million.
York House, at the corner of Newhall Street and Great Charles Street, has been acquired by London-based Planet Education Networks.
The five-storey freehold building has 22,175 sq ft of space and is partly let, producing annual rental of £136,462.
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Planet Education Networks works in higher education, providing a wide range of programmes and currently operates a number of educational facilities including Elizabeth School of London and London Professional College.
The company now intends to turn it into an education campus at York House. Property agency Bond Wolfe sold the building on behalf of a private seller.
Managing director James Mattin said: "We are delighted to have concluded this sale after a competitive bidding process.
"This is a further example of the potential to reposition assets such as York House that may no longer fit the modern day requirements for city centre office use and greater value is placed on buildings like this by alternative-use purchasers."
