An historic office building in Birmingham city centre has been sold.
Investment management firm Federated Hermes has offloaded Baskerville House, in Centenary Square, to a private investor after 12 years of ownership.
A sale price has not been disclosed however the building was brought to market at the turn of the year with a guide price of £48.2 million.
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Property consultancy JLL acted on the sale.
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In a social media post, Birmingham-based director Ben Kelly said: "JLL is pleased to confirm that we have successfully advised a privately owned overseas purchaser on the acquisition of Baskerville House.
"(This is) one of the largest 'big 6' office transactions to close during 2025.
"Fantastic performance from our client who exchanged contracts within two weeks of agreement of terms.
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"A really refreshing change from the extended deal timelines that have become the norm."
JLL will act as building manager and joint leasing agency for the remaining vacant office space under the new ownership.
When approached, JLL declined to make any further comment and Federated Hermes declined to comment.
Baskerville House was designed by Thomas Cecil Howitt, the man behind Birmingham Municipal Bank opposite Centenary Square, and was the first part of a planned major civic centre which never materialised.
It was completed in the 1940s and provided a home to Birmingham City Council.
It is named after John Baskerville whose home once occupied the site off Broad Street and who designed the typeface which carries his name.
It is grade II listed and totals around 200,000 sq ft.
Current tenants include government transport body Network Rail and University College Birmingham which agreed a deal for 45,000 sq ft last year to open a new student support and business hub.