Birmingham office block sold

An office block in south Birmingham has been sold.

Two Devon Way, in Longbridge, has been offloaded by St Modwen to UKO Serviced Offices for £3.75 million.

The 29,479 sq ft office building was built in 2007 by St Modwen and is used as its head office as well as being let to engineering consultancy Wardell Armstrong.

St Modwen is leading the long-running regeneration of Longbridge following the collapse of car manufacturer MG Rover in 2005 including building new housing, offices and retail space.

Birmingham-based property agency MK2 sold the building on behalf of St Modwen.

Director Mark Johnson said: "Longbridge is emerging as something of a hotspot in the M42 office market, with occupiers favouring its fast transport links, good local labour supply and excellent ESG credentials.

"Product doesn't come up too often here, so interest in this freehold investment opportunity was keen."