Solihull office block sells for £18.9m
An office building in Solihull town centre has been acquired for £18.9 million.
Property fund Corum XL has bought Lansdowne Gate, in New Road, from a fund managed by Columbia Threadneedle Investments.
The deal reflects a net initial yield of 6.46 per cent.
The grade A office block was fully refurbished in 2015 and provides 60,999 sq ft and 144 car parking spaces.
The majority of the rental…