British Land has bought the former Natwest building on Colmore Row, Birmingham, for £25m from Omega Land

As reported in Property Week (news, 17.11.06), it plans to redevelop the prime city office site and has appointed architect Hamiltons.

Robert Samuel, director of British Land Developments, said: ‘We have an established portfolio of development sites in the Midlands including Blythe Valley Business Park, Solihull and New Century Park, Coventry. We will develop an iconic and attractive addition to Birmingham’s office skyline.’

Councillor Ken Hardeman, cabinet member for regeneration, Birmingham City Council, said: ‘Whatever form it takes, I am sure that the scheme will be of the highest quality to reflect our aspirations for this prominent site in the heart of our civic and commercial area.

'I look forward to working with British Land to deliver a landmark scheme which will enhance Birmingham's reputation as a global city.’

Savills advised British Land.