Prudential has sold five buildings on Birmingham Business Park to Legal & General for £12.5 million, reflecting an initial yield of 7.5%.
The buildings, 2010 – 2100 Parkway, are let to Digital; Lucas; Equitable Life; Lee Beesley and the Ministry of Defence with most leases having 18.5 years unexpired.
Prudential Portfolio Managers and Phoenix Beard acted for the vendor while Strutt & Parker advised the purchaser.
EGi News 5/11/96
