A refurbished office building just outside Birmingham city centre is now fully let as more companies evaluate their business needs and costs as the Covid-19 lockdown continues to ease.
Award winning distance learning specialist Oxbridge Ltd has taken a three-year lease on the last available office suite at Fazeley House, Rocky Lane, Aston. The suite extends to 2,777 sq ft.
Key Land Capital acquired the vacant building in September last year. Following investment in an extensive programme of refurbishment, all 18,000 sq ft of space is now occupied with a range of businesses.
Birmingham-based Key Land Capital is an investment and development business with a multi-million pound portfolio of developments across the UK, led by chief executive officer Kevin Sharkey.
Kevin said: “We’ve invested heavily in a complete refurbishment of Fazeley House and our confidence in the investment has reaped rewards, with all of the space now occupied. It is very satisfying to see it attract an exciting, technology-led business of the caliber of Oxbridge Ltd. This is an ideal location for their new headquarters, being less than a mile from the city centre and with excellent transport links.”
Key Land Capital was advised by property consultancy Siddall Jones. Managing director Edward Siddall-Jones said: “We are delighted that Fazeley House is now fully let and we’ve been surprised at the level of office enquiries, and our success rate, coming out of the pandemic.
“It is evident that businesses are looking to take smaller suites and move out of the city centre in order to help cut running costs. Covid-19 has focused the minds of business owners who now appreciate the benefits of flexible working and are now re-evaluating their office footprint and the cost benefit of moving one mile out of the city centre.”
The 18,000 sq ft office building has undergone an extensive full Category A programme of refurbishment bringing it up to modern standards. Work has included installing a new heating and ventilation system, new toilets, improved communal areas, and complete redecoration.
Key Land Capital is delivering residential projects worth more than £40 million across the West Midlands. Its mission is to provide affordable, luxury and modern housing to students and professionals, whilst maintaining solid returns for investors. The company raises private investment to develop sites throughout the Midlands, a mixture of residential new-build and office to residential conversions.