Black Country property specialists Bond Wolfe have brokered the sale of one of the region’s flagship sites.
Society House, the former West Bromwich Building Society headquarters at 374 High Street, West Bromwich, has been sold to a specialist residential developer for £3 million.
Doncaster-based Empire Property Holdings Ltd has acquired the 45,000 sq ft office building from a London-based family investment company and will be converting the building into 100 residential units.
The building was acquired by Empire Property Holdings after the West Bromwich Building Society relocated to newly-built premises at Providence Place, West Bromwich.
Bond Wolfe managing partner James Mattin said: “It is fitting that in the year that Bond Wolfe celebrates our 35th anniversary, we have sold this locally iconic building.
“I am delighted that this building will be brought back to life as West Bromwich continues to progress through inward investment.
“The New Square and Providence Place developments have transformed the landscape in the town and it is important that High Street buildings are put to effective use to supplement the recent development in West Bromwich.”
The acquisition is Doncaster-based Empire Property Holdings’ first in the Midlands, having previously purchased properties in Yorkshire, Lancashire and the North East.
The company has an impressive track record for innovative commercial to residential renovations.
Speaking about Empire’s first investment in the Midlands, managing director Paul Rothwell said: “We are delighted to have been able to acquire Society House.
“The town centre location makes this an ideal property for conversion into residential units with easy access to local amenities and transport links.”
This sale takes Bond Wolfe’s aggregated sales for the month to over £6.5 million as demand for non- city centre opportunities continues to grow.
Ends (285 words)
For further information, please contact:
James Mattin, Managing Partner,
Bond Wolfe, West Plaza, 8th Floor, High Street, West Bromwich B70 6JJ
0121 525 0600 or 0121 524 1172, www.bondwolfe.net
Prepared and issued by Andy Skinner, ASAP PR, 01789 490786, mobile 07990 978257.
Bond Wolfe is an established commercial property practice based in West Bromwich. Its services include commercial property sales and lettings, property investment and development throughout the West Midlands.