The office agency team at commercial real estate firm CBRE has been appointed to sell Birmingham’s Old Stock Exchange building.
Comprising six storeys and a basement, the 26,065 sq ft, self-contained office building is currently vacant and is offered with immediate possession. Featuring flexible and adaptable open plan floorplates, the building could be repositioned into an office, hotel or educational space.
Built in 1928, the building was the centre of Birmingham’s stockbroking for almost 60 years, before it was refurbished into offices.
Located in the Colmore Business District, the Old Stock Exchange has a number of amenities, including restaurants, bars and hotels on its doorstep. The location is also under a ten-minute walk to both Birmingham Snow Hill and Birmingham New Street train stations.
Theo Holmes, head of office agency in the Midlands at CBRE, said: “The Birmingham office market is seeing high demand, with take up in Q1 up 45 per cent on the same period last year. There is a particular focus on grade A office space, and the Old Stock Exchange is one of the few buildings in the traditional core at this size available freehold.
“Appealing to a variety of future uses, the building’s flexible open plan layout allows buyers to tailor the space to their needs, while its heritage and period features lend character, charm and gravitas.
“Birmingham is an extremely promising investment opportunity, with a host of regeneration projects announced or underway. The Old Stock Exchange benefits from being within spitting distance of both Central Heart, a vibrant new neighbourhood, and the high-speed rail network, HS2.
“With top quality space in short supply, we’re expecting a surge of interest in this rare opportunity in Birmingham’s city centre.”
