Hines is poised to acquire one of Birmingham’s best known office blocks at 111 Edmund Street, in the city’s central business district.
The US firm is buying the block from IVG Immobilien for £17m – a 6.5% yield.
The 40,000 sq ft building is fully let to law firm Gateley Wareing for a further eight years.
GBR Phoenix Beard is advising Hines; Jones Lang LaSalle is acting for IVG.
lisa.pilkington@estatesgazette.com
