Former Birmingham HSBC office goes up for sale
A vacant 140,000 sq ft Birmingham office has been put on the market, described as a repositioning opportunity.
New owners are being sought for the former home of HSBC, at 120 Edmund Street, with the capital markets team at CBRE appointed to handle the sale.
The building was bought up by Credit Suisse for £48m in 2023, a year after HSBC vacated the site. Planning permission for a 40,000 sq ft extension, set to increase the size of the building from eight storeys to ten, was granted in 2024 as part of a proposed refurbishment for the building, described as having “considerable post-war Architectural merit” in the application.
Nick Woodward, Head of CBRE’s Birmingham Investment team, said: “The Birmingham market is currently experiencing a major shortage of Grade A supply, with no new schemes being progressed and record regional rents being set. 120 Edmund Street is one of very few buildings able to deliver high quality office space into the local market within the next few years.
“Currently vacant, stripped-out and with planning permission already granted, this building is a rare blank canvas, ready for an investor to take charge of the building’s design, specification and leasing strategy. 120 Edmund Street can capitalise on the favourable dynamics of the occupational market and answer the city’s medium term supply gap.”
