A new joint venture property partnership has announced its first major commercial acquisition following a £1.95 million deal.
Urban Village Capital, which was formed recently after Urban Village and Key Land Capital decided to join forces, has acquired Fazeley House in Aston.
The 18,155 sq ft detached, three-storey office block provides self-contained open plan office suites and is located next to the city's canal network in Rocky Lane.
Urban Village Capital is an investor and developer with a multi-million pound portfolio of developments across the UK led by chief executive Nick Sellman and executive director Kevin Sharkey.
Mr Sellman said: "Our investment in Fazeley House marks the first major acquisition of our new joint venture partnership and is an exciting addition to our portfolio.
"This is a fantastic headquarters building, situated on the popular Aston Cross Business Village in the thriving Waterlinks area of Birmingham.
"We will invest in improving the offices and we are confident it will appeal to a range of potential occupiers."
Mr Sharkey added: "This is the first acquisition in a long-term strategy which will see our portfolio of investments grow significantly.
"We are at the start of a new era and we have several exciting new developments in the pipeline that we will be able to announce in the coming months."
