Birmingham City Council is set to sell 100 ground rent assets in and around the city centre as part of its ongoing asset disposal programme. The council has enlisted Lambert Smith Hampton (LSH) to manage the sale of this portfolio, which includes commercial, industrial, and non-operational council-owned properties.

The assets will be sold individually or in small portfolios by December 2024, with the potential to generate up to £20 million. According to LSH, this approach is an “efficient way of releasing capital without impacting core operational assets” for the city.

Birmingham City Council owns the largest land estate of any UK local authority, covering 26,000 acres and generating an average of £34 million per year from over 6,500 property assets, with more than 300 of these holding historic interest.

Adam Ramshaw, head of LSH’s Birmingham office, commented: “Representing a rare opportunity to acquire stable long-dated income, this ground rent portfolio is likely to attract strong interest from private investors, local property companies, and national specialists.”