Doughty Hanson & Co and US-based Liberty Property Trust have acquired Blythe Valley Park in the English West Midlands town of Solihull from British Land for £161 mln (EUR 236 mln). The 104-hectare site was developed by British Land in partnership with Solihull Metropolitan Borough council and provides 46,000 m[sup]2[/sup] of existing office accommodation within 40 hectares of undeveloped land. Late last year, outline planning consent was secured for a major extension to the park bringing the total consented area up to 186,000 m[sup]2[/sup] of office accommodation.

Doughty Hanson & Co and US-based Liberty Property Trust have acquired Blythe Valley Park in the English West Midlands town of Solihull from British Land for £161 mln (EUR 236 mln). The 104-hectare site was developed by British Land in partnership with Solihull Metropolitan Borough council and provides 46,000 m2 of existing office accommodation within 40 hectares of undeveloped land. Late last year, outline planning consent was secured for a major extension to the park bringing the total consented area up to 186,000 m2 of office accommodation.

Blythe Valley Park's current tenants include Ove Arup, Logica, Regus, Virgin and Oracle. Tim Roberts, director and head of offices, British Land, said: 'The disposal is in line with our stated strategy of value creation through capital recycling and a tightened sector focus on our core markets of London Offices and Out of Town retail, the two sectors in which we have leading positions and expertise.'