Tees have recently advised Planet Education Networks (Planet Education) on its £3.8 million freehold purchase of York House in Birmingham.
Daniel Fairs’ commented:
“It was a pleasure to have advised the purchasers, Planet Education Networks Ltd, with their strategic purchase of York House. All the professionals worked tirelessly to get this deal across the line. I look forward to hearing more as the property develops and seeing the end result when the campus is up and running”.
Law firm, Clark Brookes Turner Cary in West Bromwich, acted for the undisclosed seller.
James Mattin of Bond Wolfe, who brokered on the transaction, commented that:
“We are delighted to have concluded this sale after a competitive bidding process. This is a further example of the potential to reposition assets such as York House that may no longer fit the modern-day requirements for city centre office use, and greater value is placed on buildings like this by alternative use purchasers.”
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