FSP and KWB have recently advised Quartz Investments on the sale of its freehold investment in a 26,000 sq ft office building at Birmingham Business Park in an off market deal.
1320 Solihull Parkway is a modern, self-contained office building, recently comprehensively refurbished to Grade ‘A’ standard. It is fully let to Vector GB Limited and BCA Logistics who took a new 10 year lease on 20,774 sq ft of office space on the ground and first floor in August 2017. Quartz Investments acquired the building in June 2016 and carried out a full refurbishment to attract a new tenant.
The investment was sold to Threadneedle for £5.65 million. CBRE advised the purchaser.