MEPC has bought the lease in Priory and Cannon Houses in Birminghams Priory Queensway from City Site estates for £30m.
The 27870 sq m (300,000 sq ft) property is multi-let, mostly to NatWest Bank and ShareLink, and generates £3m per year in rent.
The mixed-use scheme is expected to support 2,500 jobs once complete
The site holds hybrid planning consent for 1,493 homes, 475 hotel beds and 31,000 sq ft of commercial space
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