GVA: GVA advises on acquisition of 54 Hagley Road for Standard Life

GVA has completed the acquisition of 54 Hagley Road in Birmingham on behalf of client Aberdeen Standard Investments. The building was acquired from Palmer Capital for £23.75 million, representing a net initial yield of 7.70%. Recently refurbished to Grade A standard, 54 Hagley Road has 140,951 sq ft of offices with a current occupancy rate