A prominent Birmingham building is set for a new lease of life after being bought in a major seven figure deal.

Rainier Developments Limited, based in Henley-in-Arden, has bought Priory House – a former forensic laboratory on the corner of Kent Street and Gooch Street North – and is planning to make it a key part of the regeneration of Birmingham’s Southside district.

Advent secured media coverage about the development in the key business titles across the region, including Birmingham Post, Business Live, Insider and Business Desk.

The development will feature at international property show MIPIM.