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PRIVACY
Commercial Property

Business park buildings sold for £3.2m

Pair of buyers snap up office units on Birmingham Business Park

2410 Regents Court on Birmingham Business Park

A trio of office buildings in Solihull have been sold for £3.2 million.

PW Investments has offloaded the buildings on Birmingham Business Park to construction contractor John Sisk & Sons and recruitment advisory firm CAPP & Co.

The deal comprises the 8,826 sq ft 2410 Regents Court, bought by John Sisk, while CAPP & Co purchased 2230 and 2235 Regent's Court which together total 8,154 sq ft.

PW Investments was represented by property consultancy Savills in the deal.

Associate director Jonathan Ottewell said: "We are pleased with the strong sale prices achieved for these properties.

"That they have been purchased by owner occupiers underlines the market's need for smaller, cost-effective and self-contained properties.

"Both occupiers are looking to invest in the long-term future of their respective businesses and, given the increase in headline rents over the past couple of years, buying made more financial sense."

David Penn, partner at Bromwich Hardy which acted for CAPP & Co, adds: "Our client was seeking to expand and improve the working environment provided for their staff.