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CBRE’s capital markets team has been instructed to sell 120 Edmund Street, a major repositioning opportunity located in Birmingham’s core commercial district.
The 140,546 sq ft former HSBC-occupied office building is currently vacant and comprises two basement levels, a ground floor and eight upper floors. The property features large, adaptable floorplates of approximately 17,500 sq ft, suitable for a single occupier or multi-let configuration.
Planning consent was granted in 2024 for a 40,000 sq ft extension alongside a comprehensive refurbishment, further enhancing the asset’s repositioning potential.
The opportunity comes at a time of constrained supply in Birmingham’s Grade A office market, with limited new development underway and prime headline rents reaching £52.00 per sq ft, the highest among the UK’s Big Six regional cities.
Nick Woodward, head of CBRE’s Birmingham Investment team, said: “The Birmingham market is currently experiencing a major shortage of Grade A supply, with no new schemes being progressed and record regional rents being set. 120 Edmund Street is one of very few buildings able to deliver high quality office space into the local market within the next few years.
“Currently vacant, stripped-out and with planning permission already granted, this building is a rare blank canvas, ready for an investor to take charge of the building’s design, specification and leasing strategy. 120 Edmund Street can capitalise on the favourable dynamics of the occupational market and answer the city’s medium term supply gap.”
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