One of Birmingham's tallest buildings has been sold to a mystery bidder.
The landmark Five Ways Tower, which has laid vacant in Edgbaston for more than a decade, has been sold after collapsing into receivership. However, due to a confidentiality clause the new owner remains a mystery.
The Post understands there were 11 expressions of interest in the building, which comes amid a raft of work around Five Ways including at the Park Regis hotel and One Hagley Road.
It is understood that significant structural work would have to take place before any development can happen at the building which is on the Calthorpe Estate.
Chantrey Vellacott was appointed to the 23-storey office block on the corner of Frederick Road and Islington Road after the collapse.
David Oprey, partner at Chantrey Vellacott, confirmed the sale of Five Ways Tower but declined to reveal any further details.
He said: "We're pleased to have completed a sale of a challenging property, and in what was a relatively short time frame following our appointment in June."
Corporate recovery specialist Craig Povey previously told the Post 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.