The owner of Birmingham's Custard Factory and Fazeley Studios complexes have expanded their footprint in Digbeth with another property deal.

Oval Real Estate has bought The Bond Company, an office and events space in Fazeley Street opposite the studios building.

The undisclosed deal further cements its presence in the city's creative quarter following last year's buyout of the famous pair of office buildings.

The Bond Company was set up in 1998 by urban developers Tony Collier, Tim Davis and Peter Southgate.

It grew from a single canalside Victorian warehouse into a serviced office and events complex accommodating a range of new and growing businesses.

Mr Collier said: "Although in many ways it is sad to move on after 30 years, the directors recognise the huge changes that are now taking place in and around the Digbeth area with the advent of HS2 and the new Metro.

"It is the right time for new owners to take the business forward, especially given the investments they have already made in the area and the opportunities this affords for a new influx of ideas and development.

"The directors are hugely appreciative of all the fantastic support we have received over the years, not only from the city council and government agencies, but also from staff, tenants and all those participants who have enjoyed The Bond's great facilities."

Nick Prior, founding director of Oval Real Estate, said: "The Bond Company is an exciting addition to our diverse estate and will help use further enhance Digbeth as a thriving and creative community.

"We look forward to building on the successes of the last 30 years."