An office building in a Birmingham suburb has been acquired by a London-based developer and investor.
Consortia Developments has bought Gamgee House in Ladywood for an undisclosed fee.
The 17,500 sq ft building in Darnley Road was previously owned by workplace healthcare company BHSF which had occupied the site since it was built in 1976.
It has sold the property to Consortia Developments following its relocation to new offices at 54 Hagley Road in September.
Archie Ward, managing partner at Consortia Developments, said: “Gamgee House represents a slight departure from our typical property investments which are predominantly residential.
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“However, when the opportunity presented itself to acquire it, we saw it as a good investment, given its location on the fringe of the city centre and the fact it sits within the Ladywood regeneration zone and the improvements this will bring to the area.
“We already have a tenant lined up to take the whole of the building which will be announced very soon.”
Gamgee House is Consortia Development’s second acquisition in Birmingham.
The company bought Lockside House in Scotland Street from charity federation Groundwork in 2020 which it is currently redeveloping into 61 canalside homes. The scheme is scheduled for completion in 2023.
BHSF was advised by Smeeton & Dixon Consultancy.