London, United Kingdom, 27 April 2022 – A joint venture between Zetland Capital and GWP has completed the purchase of 10 Livery Street, Birmingham from Direct Line for an undisclosed sum.
The building has been sold on the back of Direct Line rationalising their regional occupational portfolio. The building totals c. 60,000 sft. over five floors. The building will be extensively refurbished with strong ESG credentials, as the joint venture seeks to capitalise on demand for Grade A space in Birmingham City Centre.
Ahmed Hamdani, Managing Partner at Zetland Capital Partners LLP, said:
“We are excited to have launched our UK office repositioning program in partnership with GWP. We are actively seeking similar opportunities to 10 Livery Street where we can reposition good quality space into best-in-class office accommodation with strong ESG credentials.”
Guy Wilson, Director of GWP said:
“We are delighted with the purchase of 10 Livery Street and look forward to working with Zetland Capital and transforming this building with the team over the course of the next 9 months. The Joint Venture is looking for similar repositioning investment opportunities in other UK Regional city centres”
