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Commerz instructs JLL to sell Brum's £124m One Snowhill

Commerz Real has instructed Jones Lang LaSalle to sell its One Snowhill office development in Birmingham for £124m, a building widely regarded as the most high profile office headquarters outside London, CoStar News can reveal.
By James Buckley
May 30, 2012 | 7:00 P.M.

The price for the 263,415 sq ft Ballymore-developed property, located in the centre of Birmingham’s CBD, reflects an initial yield of 6.25%, representing a discount to the 10-year average UK prime regional office yield of 6.03%.

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