Part of the £1.2bn Paradise development in the city’s central business district

A landmark Birmingham office building has gone on sale with an asking price of £123.2 million.

CBRE’s Birmingham capital markets team has been appointed to sell 3 Chamberlain Square in the city’s central business district.

The 191,000 sq ft building, managed by Federated Hermes, forms part of the £1.2 billion Paradise development and has been described as the best office building outside of London. 

Completed in May 2025, it has achieved a string of prestigious certifications, including EPC A, BREEAM ‘Outstanding’, NABERS UK 5*, ActiveScore ‘Platinum’ and WiredScore ‘Platinum’, reflecting its sustainability credentials, active travel provision and advanced technology infrastructure.

All nine office floors were placed under offer ahead of practical completion, with the final letting achieving a rent of £52 per square foot, the highest among the UK’s big six cities. 

Tenants include global law firm Eversheds, Forvis Mazars and EY, as well as CBRE’s own Birmingham office.

Prime asset in a city on the rise

Nick Woodward, Head of CBRE’s Birmingham Investment team, said: “3 Chamberlain Square is a unique investment opportunity. 

“The building achieves excellence in every category, from sustainability credentials to design, making it arguably the best office building outside of London.”

He added: “Birmingham is brimming with opportunity, which is only going to get more attractive as HS2 continues to progress and inward investment increases. 

“3 Chamberlain Square entering the market is the perfect opportunity for those looking to benefit early from Birmingham’s inevitable growth.”

The sale reflects a Net Initial Yield of 6.5%, with a Weighted Average Unexpired Lease Term of over 10 years to breaks and 14 years to expiries.