Blue Circle Enters 25 Year Lease for Birmingham Offices

Estates Gazette reports that a 60,000 square foot office development close to Birmingham International Airport is being sold to M&F Ireland for £21.75m by Birmingham-based developer Stoford Developments. Blue Circle pre-let the building at the NEC, Solihull on a 25-year lease. The property was reportedly sold at an initial yield of less than 5.25% which is believed to be a record for the M42 corridor. Sphere: Related Content