Birmingham tops international real estate investment table

Private wealth real estate investors might be flocking to Birmingham, following news the city is top of the global real estate investment table outside of London.

England's second city could prove attractive for those seeking structural assets, as the urban centre is known for its large companies and hosting international events.

The Birmingham Post reports investment - of which private wealth might make up a significant proportion - rose to £714 million in the first half of 2010, up from £438 million over the same period last year.

Corporate banking groups have moved into the area, with the investment arm of SEB Asset Management acquiring 2 St Philip's Place in a deal worth almost £30 million.

Aviva Investors also favoured the Midlands city, buying Rutland House from Seven Capital for the sum of £27 million.

It was recently revealed property prices outside of London and the south-east appreciated more over the last ten years than those nearer the capital, meaning moving to hubs such as Birmingham could prove profitable in the long run.  ADNFCR-2318-ID-800042934-ADNFCR