Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
https://www.hgf.com https://www.man-group.co.uk

London investor seals Birmingham deal

The former home of a world famous Birmingham engineering firm has been sold to a London investor.

Commercial property agents Siddall Jones have sold the Grade II-listed, 18,000 sq ft, former Derwent Works on the corner of Constitution Hill and Henrietta Street, for an undisclosed sum.

The building, once the headquarters of Taylor & Challen, makers of lathes for presses of all kinds and sizes, was sold by a private Birmingham investor in an off-market deal from an asking price of £1.8 million.

Ed Siddall-Jones, managing director of Siddall Jones, said the deal, which completed at the end of the first week of lockdown, was evidence of the continuing strong interest in Birmingham from investors in London and the south east.

“This is an interesting building with potential to be converted into residential from its current B2 industrial use, subject to planning permission. It is in the Jewellery Quarter, close to other projects such as Gilders Yard, the Grade II listed former Ashford & Sons jewellery factory, a mixed use of apartments and commercial by Grainger plc where we are agents for the commercial element.

“Blackswan Property Ltd are redeveloping the former Gothic pub into a mixed use development and Siddall Jones have also been appointed agents on the commercial elements here. Further along Great Hampton Street, we are also in the process of letting the ground floor of the former Lucas factory and have already secured a prominent restaurant operator.”

Taylor & Challen was founded in Birmingham in 1849 by Joseph Taylor. Working at first from a cramped workshop in Brasshouse Passage, the company thrived and moved several times as it grew, eventually finding a permanent home in Derwent Works.

The company became world famous for its vast product range, from simple, hand-operated 2,000 ton power presses for the stamping of coins, shears, rolling mills and draw benches, nut and bolt machines even complete installations to grind, mix and mould gunpowder and manufacture cartridges.

Now all that remains of the business is the sign “Taylor & Challen Limited” above the main door on the Constitution Hill frontage.

Ed Siddall-Jones said: “Taylor & Challen were typical of the innovation and imagination that fired the Industrial Revolution in Birmingham and now the building can be sympathetically redeveloped for the future.”

The premises currently has two retail tenants on the ground floor but the top two floors or approximately 10,000 are empty and now largely derelict.

Ed Siddall-Jones said: “Even in the midst of the worst economic crisis faced by this country in many years, deals are still being done and investors with an eye for an opportunity can find real value still in Birmingham and the wider West Midlands.”


Mechanical power press specialists double capacity

Growth brings investment in new building and new equipment

23rd August 2019

Expanding firms take on huge warehouse

Engineering specialists sign up for new lease

12th October 2020

Praise for power station ash firm

MP impressed by pioneering work using by-products

21st September 2020

£4.75m sale of HQ marks great future for Chamber

Leaders say the move will enhance long-term finances

27th August 2020

Contract glazers launch Midlands branch

Acquisition creates regional base to offer commercial services

5th August 2019

Multi-million grant to develop wireless charging platforms

Electric propulsion experts at the heart of revolution

2nd August 2019

Chamber welcomes new president

Lawyer steps up to take key role

18th December 2019

Estate management experts appointed

Businessman signs deal with Birmingham property team

7th November 2019

Stars appear at Birmingham charity event

Fire and Ice Ball will raise crucial funds

26th November 2019

New director steps up

Sales and marketing expert is promoted at commercial property portal

5th April 2019

Residential developer giant acquires firm

Deal is company's first investment in the UK

8th September 2020

Landmark property up for sale

West Bromwich office block attracts great interest

10th September 2019

Peter McLintock

Partner, Mills & Reeve

14th January 2019

Bumper number of deals for property experts

Consultancy enjoys successful period of business

1st November 2019

Financial advice firm moves onto business park

New tenant means building is fully let

10th December 2018