Slow start to the year for Birmingham CBD office investment

Office investment in Birmingham’s CBD totalled less than £2m in Q1 2020, making it the weakest quarter since Q4 2013. While investment started off weak in 2019 too, volumes took off in April – a trend that is unlikely to be repeated this year as the recent coronavirus outbreak impedes transactional activity. For instance, 55 Colmore Row was set to be bought for around £105m by Germany’s Union Investment, but the sale is currently on hold due to the coronavirus crisis.