The company that developed and now manages Brindleyplace has confirmed that investors have made a bid for eight of the estate’s 11 buildings.
While refusing to confirm the investors, it has been reported that Moorfield and Hines have teamed up to make a bid in the region of £200million.
The purchase - which is set to be completed over the next few days - will represent the biggest ever deal in Birmingham’s office investment market.
If the deal goes through, Argent would continue to manage the estate.
Brindleyplace is currently owned by the Brindleyplace Limited Partnership which is made up of a number of institutional and private investors apart from Eleven which was developed and is still owned by Argent.
Gary Taylor, joint managing director of Argent (UK Developments), said: “We are in discussions with investors in The Brindleyplace Limited Partnership, regarding the possible sale of properties at Brindleyplace, excluding Eleven Brindleyplace, the latest development to be completed by Argent.
“We have received an approach to acquire the eight properties owned by the Limited Partnership. We are not in a position to confirm the identity of the potential purchaser, but we have put this offer to our investors for their consideration.
“We have been involved with Brindleyplace for the past 17 years and during this time the estate has matured into probably the best mixed use environment anywhere in the UK.”