Historic office building 'big six' deal is sealed

1940s CITY CENTRE LANDMARK IS ONE OF THE MAJOR SALES OF THE YEAR

- TAMLYN JONES Business Reporter

AN historic office building in Birmingham city centre has been sold.

Investment management firm Federated Hermes has offloaded Baskerville House, in Centenary Square, to a private investor after 12 years of ownership.

A sale price has not been disclosed, however the building was brought to market at the turn of the year with a guide price of £48.2 million.

Property consultancy JLL acted on the sale.

In a social media post, Birmingham-based director Ben Kelly said: “JLL is pleased to confirm that we have successfully advised a privately owned overseas purchaser on the acquisition of Baskerville House.