Quartz Investments purchased the 26,000 sq ft, two-storey office building from Aberdeen Asset Management and has appointed DBK to project manage and oversee the full refurbishment of the building.
With vacancy rates at their lowest on the business park for the past decade, Tim Haslam of Quartz Investments LLP said they expected strong interest in the building.
“With no new build in the current marketplace and demand starting to outstrip supply in Solihull and the M42 Corridor, refurbishments are driving the market,” said Tim.
“The offices will work well as stand alone head quarters or for a number of smaller occupiers.”
Mark Robinson from KWB who act as joint agents with Jonathan Carmalt from JLL said: "Availability at all business parks across the region remained low and occupiers are finding it increasingly difficult to find good quality space.
"With the continuing expansion of major employers in the area such as Jaguar Land Rover, companies were looking to move closer and competing for space.
“The constraints on demand are also causing rental values to start to rise which bodes well for long-term investment prospects."
The office space will be ready to let this Summer.
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement