Tuesday, May 16, 2023
Invesco Real Estate buys Birmingham Business Park for £16.87m
Invesco Real Estate has acquired "Park Square" which comprises of four office buildings at Birmingham Business Park for £16.87m on behalf of one of its European Property Funds. The 67,294 sq ft buildings are entirely let to show a net initial yield of 7.2% and the vendor was Arlington Property Investors on behalf of Barclays Nominees (George Yard) Ltd.
Rob Johnston, Head of UK Transactions at INVESCO Real Estate said, "The acquisition further demonstrates the demand from our clients for UK real estate. There remains continued enthusiasm from a number of our funds for office buildings in prime locations in London and the South East and in major cities throughout the UK."
Rob Johnston, Head of UK Transactions at INVESCO Real Estate said, "The acquisition further demonstrates the demand from our clients for UK real estate. There remains continued enthusiasm from a number of our funds for office buildings in prime locations in London and the South East and in major cities throughout the UK."
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