Middle East investors have acquired an office building in the Birmingham's Colmore Business District.
Qatar-based property investor Alduwaliya Asset Management has bought One Eleven Edmund Street in a £22.5 million deal.
The 44,769 sq ft premises is let to law firm Gateley on a 15-year lease at an annual rent of £1.2 million.
Part of the former Ear, Nose and Throat Hospital, the Grade II-listed building comprises six floors of grade A office space with roof terraces to the fifth and sixth floor and 21 underground parking spaces.
The acquisition is the first º£½ÇÊÓƵ purchase for Alduwaliya outside London.
The Birmingham office of property consultancy Knight Frank advised the purchaser and CBRE acted for the seller Hines.
