Property company CityTrack Investments has acquired a substantial Grade II Listed building in Edgbaston in a deal put together by SDL Bigwood.
The firm has bought 37 George Road, comprising some 2,000 sq ft of offices, for an undisclosed sum.
Director Ibrar Afzal said the plan was to refurbish the three storey unit while deciding on the next move.
“I have a string of business interests so we may use it for one of our companies or we may simply let it out,” he noted.
Mr Afzal said the transaction was symptomatic of the continued strong acceleration in Birmingham’s economy, driven by HS2 high speed rail and the number of businesses looking to relocate out of London.
“We are really busy – it is full speed ahead.”
James Carver, a surveyor in SDL Bigwood’s commercial agency department, said: “We were very pleased to conclude what is a significant sale.
“This is an attractive period property in a prime position on George Road, which is a well-known office and residential location in leafy Edgbaston and within easy travelling distance of Birmingham city centre.
“It created considerable interest.”