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ACRE takes another bite into the Birmingham Market

By December 2023 Transactions

ACRE Capital have sold the Mitchells & Butlers HQ in Birmingham City Centre, bringing ACRE’s share of the 2023 Birmingham Investment Market to 85%!

The asset comprises a 94,500 sq ft HQ office and 120-bed hotel fully let to the leading pub chain, Mitchells & Butlers, with 20.9 years unexpired (no breaks) with RPI linked reviews. The Mitchells & Butlers HQ was sold on behalf of Legal & General for a price of £64.0 million reflecting 8.10% NIY.

Location: Birmingham
Property Type: Office & Hotel
Transaction Type: Sale
Client: Legal & General