One of Birmingham's tallest buildings has been put into receivership.

The search is on for a buyer for the landmark Five Ways Tower which has laid vacant for more than a decade.

Chantrey Vellacott has been appointed to the 23-storey office block on the corner of Frederick Road and Islington Road.

Corporate recovery specialists Craig Povey, David Oprey and Richard Toone from the accountancy firm are joint-receivers.

Mr Povey, from the firm's Birmingham office, said the 100,000 sq ft building had been vacant for around 15 years.

"The owners have faced mounting challenges maintaining the building over the last 15 years which has led to our appointment as receivers," he said.

"While Five Ways Tower has been empty for some time the building stands in a sought after location in the prestigious business district around Five Ways and Hagley Road.

"The building has a car park for approximately 400 vehicles and with investment to bring the property up to standard it has great potential."

The building was completed in 1979 and its architect was Philip Bright of the Property Services Agency.

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