How we use Cookies

CBRE relocates Birmingham office to Temple Row

City's office of global agency to take space in listed building as it undergoes £1 million refit

CGI showing how CBRE's new office front will look at 55 Temple Row

The Birmingham office of property consultancy CBRE is to relocate to a new base in the city centre as it plans to grow its operations and re-think its working practices.

The company is due to move in August from its office in Cornwall Street to 55 Temple Row which is currently undergoing a £1 million refurbishment.

CBRE has taken 13,500 sq ft across the ground and first floors on a 15-year lease at a rent of £22 per sq ft.

Locally listed 55 Temple Row is owned by Hermes Real Estate and was originally occupied by the Bank of England and now counts Bank of Scotland and Lloyds Bank among its tenants.

Hermes is investing £1 million to upgrade the premises and CBRE has been appointed to project manage the makeover.

Martin Guest, managing director of CBRE in Birmingham, said the firm had outgrown its home of 10 years in Cornwall Court.

He said: "We now employ 100 and are planning further recruitment. The move also gives us the opportunity of overhauling how we work.

"For staff, we will be adopting a new working style, including agile working and paperless systems. There will be showers and lockers for those who commute by cycle or run during the day.

"For clients, we will provide enhanced meeting facilities, with wi-fi and a coffee bar. There will be an open invitation to drop in and draw breath with great views of the cathedral."

Ashley Hancox, a senior director in the firm's office agency team, managed the search and selection process for the firm.

He said: "The unique branding opportunity that 55 Temple Row provides was unmissable.

"We will be the only property consultancy in the central business district with our own front door immediately off the street. The new office will allow us to provide a unique environment for our staff and clients."

Ian Cody, director of asset management at Hermes Real Estate, added: "The £1 million upgrade to the premise is in line with our occupier-led approach and, along with our Paradise Circus regeneration scheme, is indicative of our commitment to the city of Birmingham."

Elsewhere, recruitment consultancy Pitch is relocating across Birmingham to take space at One Cornwall Street.

Acting on behalf of AXA, joint agencies DTZ and Savills have let 1,700 sq ft of grade A space on the sixth floor to Pitch which specialises in marketing, PR and creative recruitment.

One Cornwall Street was refurbished in 2012 and includes raised floors, air conditioning and LG7 lighting.

Andrew Berry, senior surveyor in DTZ's office agency team, said: "Following recent lettings to Chase de Vere and CMA CGM, we are delighted to welcome Pitch Consultants to One Cornwall Street.

"We are confident the building can continue to build on its recent success."

Pitch was founded in 2007 and previously based at the Custard Factory in Digbeth but required larger, more centrally located office space to accommodate their expanding team.

DIrector Rob Markwell said: "We needed larger premises to support our continual growth and were delighted to secure One Cornwall Street.

"We have invested in a high spec fit out with the view of making it our long term home.

"It not only puts Pitch at the heart of business within the city but also offers our existing team and future recruits the best possible working environment."

 
comments powered by Disqus

Journalists

Graeme Brown
Regional Head of Business
Enda Mullen
Business Reporter
Cillian O’ Brien
Business Reporter
Jon Griffin
Business Reporter
Alison Jones
Features writer
Ben Hurst
News Editor
Jonathan Walker
Political Editor