Midlands property investor and developer BPG has sealed a £2.9m deal to acquire a substantial office building in one of the West Midlands' most desirable and affluent locations.
Warwick House is situated on the Warwick Road in central Solihull, within a short walk of the Touchwood shopping centre. The 1970s building houses more than 15,000 square feet over four floors, and is currently fully let.
BPG Director John Southall commented: “Warwick House is a fantastic acquisition with 60 parking spaces in one of the region's prime locations. We are carefully considering options for the building's future, including refurbishment and development, which will take full advantage of its potential and position in such close proximity to the town centre. The strong local economy means stock has been low for some time, so we're delighted to have seized this rare opportunity.”
The acquisition of Warwick House follows BPG's move from central Birmingham to a spacious new office on Homer Road in Solihull as the business grows and expands its team.
BPG has a strong reputation for delivering innovative and quality mixed-use development schemes, as well as asset management. Recent investments include large office buildings in Edgbaston, Coventry and Sheldon, while the notable Moseley Central development offers 46 apartments in the heart of this highly sought after Birmingham suburb.
For more information about BPG please visit www.bpgholdings.co.uk