A group of buildings on Birmingham's Brindleyplace estate have been bought by part of HSBC for in excess of £260 million.
US property group Hines has sold the group to HSBC Alternative Investments (HAIL) after first placing them on the market in autumn 2015.
The buildings comprise 500,000 sq ft of mixed use space and the sale follows the collapse of a deal to Middle East investors a year ago.
The portfolio includes Three, Four, Five, Six and Nine Brindleyplace, which comprise over 470,000 sq ft of grade A offices, with retail and leisure uses at ground level.
Also included in the sale are Brunswick Arcade, an 890-space multi-storey car park, retail parade, Bannatyne gym, the Costa unit in the square, the Ikon Gallery and Crescent Theatre.
The ownership also includes all external common areas.
Hines UK, which acquired part of the estate off Broad Street for £190 million with Moorfield in 2010, will be retained as asset manager.
Raj Rajput, managing director of Hines UK, said: "We are proud to have managed Brindleyplace over the last seven years.
"It continues to be one of the most desirable office locations in Birmingham."
The overall estate covers 17 acres and comprises a mix of office and leisure buildings including several bars and restaurants, totalling more than one million square feet.
HSBC UK is moving its head office from London to the Arena Central development in Broad Street and is due to be in situ early next year.
The HAIL Real Estate Club Programme offers private clients of HSBC direct exposure to otherwise inaccessible real estate opportunities.
Paul Forshaw, head of real estate fund management with HAIL, said: "This investment supports our strategy of investing in high-quality real estate with credit-worthy tenants alongside strong local asset management partners.
"It also has a long-term, secure income profile and is one of the leading mixed-use city centre estates in the UK."
Property consultancies CBRE and Colliers advised Hines.