Three Chamberlain Square sold for £107m in vote of confidence in Birmingham's Paradise estate

One of the newest office buildings in Birmingham city centre has changed hands in a £107m deal, in a strong vote of confidence in the Paradise estate. Farran Investments has exchanged contracts to buy Three Chamberlain Square, a 190,000 sq ft office building that is fully let to some of the best-known names in professional services, Place Midlands reports.

The building's tenants include the law firm Eversheds, the accountants Forvis Mazars and EY, and the property consultancy CBRE, which also handled the sale.

A landmark sale

Three Chamberlain Square was put on the market with CBRE in March, with offers sought at £123.2m. Farran's founding partner, Simon Lee, confirmed in a LinkedIn post that the group had exchanged contracts on a £107m deal, backed by its equity partner Goldentree and the lender Canada Life. The seller, Federated Hermes, was advised by BCLP and CBRE.

The purchase takes Farran's assets under management to £1bn. The firm has been busy with Goldentree this year: in August the pair bought a portfolio of 20 UK industrial estates from Paloma Capital for £193m, and more recently they paid £46m for Cambridge Leisure Park.

That an investor is prepared to pay over £100m for a single Birmingham office is a sign of how far the city centre's commercial market has come. A building that is fully let, with long-standing professional firms as tenants, is exactly the kind of asset that draws national and international money.

Part of the Paradise story

The building was designed by Feilden Clegg Bradley Studios and completed in 2025. It is part of Paradise, the flagship office, leisure and public space development built on the site of the former Birmingham Central Library, the concrete landmark that stood between Chamberlain Square and Paradise Circus until it was demolished in 2016.

The redevelopment has reconnected Victoria Square and Chamberlain Square with Centenary Square and the Library of Birmingham, opening up routes that had been cut off by the old road layout for decades. Office buildings have been joined by restaurants, a hotel and new public squares, with the Chamberlain Memorial fountain at the heart of the space it has always occupied.

The ground floor of Three Chamberlain Square has already brought new life to the area. Last week the Danish restaurant group Sticks'n'Sushi opened its first Birmingham restaurant there, adding to the growing list of places to eat and drink around the square.

Why it matters for the city

Office deals of this size matter beyond the property pages. Each fully let building in the centre means thousands of people working in the city every day, spending money in its shops, cafés and pubs, and using its trains, trams and buses. The firms in Three Chamberlain Square employ accountants, lawyers, surveyors and trainees, many of them graduates from Birmingham's universities.

The sale is also a sign that investors still see value in high-quality, modern offices, even as working patterns have changed. Older buildings in many cities have struggled to find tenants, but new, well-located space with good transport links has continued to let well. In Birmingham, that demand has been helped by the continued arrival of firms moving staff out of London and by the prospect of HS2's Curzon Street station.

Federated Hermes and CBRE had been approached for comment by Place Midlands at the time of its report.