According to a statement, the transaction was off-market and was for an undisclosed fee \u201cexceeding \u00a32 million\u201d. The seller was an unnamed private investor.<\/p>\n
The properties in the deal are \u00a064-66 Caroline Street, Regent Court at 68 Caroline Street, 18 Regent Parade and 60 Regent Place. Some of the buildings are in need of refurbishment and renovation.<\/p>\n
The Regent Court tenants are to stay in situ whilst tenants of the other buildings are on short-term agreements following the deal. It is expected that they too will remain.<\/p>\n
The properties were purchased over a year ago as part of a portfolio.<\/p>\n
“We have worked with the owners to piece together the sites over time and believe that Raybone Developments will sympathetically carry out a refurbishment program to bring the properties back to their former glory,\u201d said Chris Booth of Nattrass Booth, the agency that represented the seller.<\/p>\n
“A number of the properties have listed status, are situated in a conservation area and have considerable historical relevance, each with their inherent architectural charm.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Raybone Developments, the organization behind the redevelopment of the old Birmingham Mint Site in Icknield Street, has bought the properties which are located on Caroline Street. According to a statement, the transaction was off-market and was for an undisclosed fee \u201cexceeding \u00a32 million\u201d. The seller was an unnamed private investor. The properties in the deal […]<\/p>\n","protected":false},"author":101,"featured_media":23635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,112],"tags":[],"class_list":["post-23599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-top-stories"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/23599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/101"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=23599"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/23599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/23635"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=23599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=23599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=23599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}