BIRMINGHAM OFFICE BLOCK SOLD FOR OVER £800,000

A mixed-use office and retail development in Birmingham has been sold for £825,000.

Swali Investments & Holdings has purchased Rocky Lane House, a 6,332 sq ft office building which fronts Aston Cross Business Village north of the city centre.

The Birmingham-based property investment company said it would occupy the offices for its own use along with its healthcare recruitment agency Icare24. Rocky Lane House is a freehold, two-storey property which has been recently refurbished.

Icare24’s chief executive David Swali said: “We are excited to announce the acquisition of Rocky Lane House as the new headquarters for the Icare24 Group.

With its spacious and light-filled areas, Rocky Lane House offers an ideal office base for our team. We eagerly anticipate completing the design and development process by Estilo and moving into our new office this summer.

This milestone signifies our commitment to growth and providing a dynamic work environment that fosters innovation and collaboration within the Icare24 Group.”

Jewellery Quarter-based property agency Siddall Jones sold the building on behalf of previous owner Aston Cross 4 Holdings.

Managing director Edward Siddall-Jones said: “There was keen interest in Rocky Lane House, demonstrating the continuing keen appetite for quality investment opportunities in Birmingham.

The office element has recently undergone a comprehensive refurbishment. The demand for this kind of investment opportunity is clearly there and we are keen to speak to landlords seeking to maximise the value of their property assets.”

Law firm Knights acted for the seller.