Chamberlain Clock
Chamberlain Clock

Edgbaston investor, Parcap Investments, has taken an interesting in the Chamberlain Building.

The three-storey retail and office building has fallen under new ownership with Parcap Investments, who bought from MCD Developments.

Chamberlain Building can be seen at 36 Frederick Street, adjacent to the Quarter’s own Chamberlain Clock. Built in the 1950s, the building has seen previous refurbishments on the interior and plays host to Tesco Express, Greggs, Dhillon’s Cafe & Fish Bar and other popular stores with locals and lunch goers.

Sold on the behalf od MCD by Cushman & Wakefield, Birmingham office of real estate agency, the new owners are planning redevelopments in the longer term.

Senior surveyor at Cushman & Wakefield, Cameron Thomson, comment on the transaction: “There is continued interest and investment in the Jewellery Quarter which has seen huge improvements in recent years, not least because landlords have spent heavily on improving building frontages and streetscapes.

He continued, “There has also been a significant improvement to the public realm and other pedestrian areas in this thriving suburb of Birmingham’s city centre.

Investor Satnam Parwana, from Parcap Investments, said, “The Jewellery Quarter is becoming a vibrant and in-demand area, with its history and heritage being a significant attraction which is why we have made this investment.

The purchase demonstrates our further commitment to the Birmingham marketing where we have invested since 2011.

The Birmingham Jewellery Quarter continues to thrive and build upon its heritage through these investments! We want to know what you think of the recent investment on the Birmingham Jewellery Quarter Facebook page!