Mercia Real Estate (“MRE”), the midlands focussed real estate investor and asset manager has exchanged contracts in the acquisition of a 95,000ft office building on Calthorpe Road, Edgbaston.
Managing Director Samuel Clark of Mercia Real Estate said “The building occupies an enviable position in the heart of the Calthorpe Estate and sits within walking distance of Edgbaston Village and Five Ways train station.”
“A building of this scale, occupying a position just outside the proposed clean air zone and within walking distance to the city centre and the amenities Edgbaston Village has to offer, presents a unique opportunity to work with our landlord to further add value to their estate.”
“We are currently working up a number of potential options for the property and will be investing a significant amount of time and money bringing the building back to life.”
MRE was advised by MK2 Real Estate and the vendor was advised by CBRE.