The site of the former Amex headquarters in Brighton has been sold to the developer of another major site in the city.
First Base, which is developing the Anston House site near Preston Park, has agreed a contract for the two-acre former Amex House site on Edward Street.
It did not reveal how much it had paid for the site.
The acquisition is a joint venture between First Base and Patron Capital, a pan-European property investor.
The developers plan to use the site for 'a vibrant new mixed-use development which will help to revive this area of Brighton'.
First Base said it will now engage with residents, businesses and the council to develop a scheme that responds to 'local need and ambition'.
Paul Brown, vice president of American Express said: “We are delighted to have exchanged contracts with First Base and Patron Capital. First Base has established credentials in Brighton and we have been impressed by their track record.”
Since 2013 American Express has been operating from its newly built 1 John Street office (adjacent to the former Amex House building).