KWB acquires prime Solihull office development site
KWB Birmingham commercial property agents have acquired one of the most sought-after, prime development sites for offices Solihull, adjacent to Birmingham International Railway Station.
Acting on behalf of a private owner-occupier client, Mark Robinson, Director of KWB’s office agency team acquired T4, Trinity Park, Bickenhill Lane, Solihull, from Aberdeen Asset Management for an undisclosed sum.
T4 is a one-acre development site with planning permission for a 45,000 sq ft office building, located next to T3, a 50,000 sq ft office building, and part of the Trinity Park office development.
Mark Robinson said: “T4 is one of the few remaining, prime development sites for offices Solihull. It could not be in a better position in what has become one of – if not THE most important office location in the Midlands, situated as it is adjacent to Birmingham International Station and very close to the A45 Coventry Road and Junction 6 of the M42, Birmingham Airport and the NEC.
“Many have tried and failed to acquire this site for a number of years, but through hard work and persistence, we finally managed to unlock it.
“Our client plans to build out the site as a prime Grade ‘A’ headquarters office building for self-occupation.”
There is a continued drought of available high-quality office space in Solihull – see M42 and Solihull office market research, caused by consistently strong demand from a wide range of occupiers. In 2017, this has seen rents rise and increase in freehold sales, both from owner-occupiers and investors – with purchasers eager to secure premises long-term.
KWB is the most active office agent in Solihull and the M42 corridor, securing more than 60% of sales and lettings in 2016. Each quarter, KWB produces comprehensive research into the Solihull office market – the latest report can be found here.
Further information about office space in Solihull and the M42 area is available from Mark Robinson on 0121 233 2330 or email mrobinson@kwboffice.com.
