National commercial property and construction consultancy Naismiths has welcomed completion of the £30million redevelopment of 55 Colmore Row as a major boost for Birmingham’s key business district.
IM Properties, which is one of the UK’s largest privately owned property companies, recently officially unveiled 55 Colmore Row, which has undergone an impressive transformation with a major programme of works over the past 12 months.
It is prominently positioned in the heart of the city’s key business district, adjacent to the Grand Hotel, which has also recently been redeveloped by Hortons’ Estate to provide Grade A office space, restaurants and retail units.
Mark Bevan, director of Birmingham-based Naismiths, said the completion of the project was another vital step forward in the dramatic transformation of the city centre. Naismiths acted as development monitor on the project on behalf of funding partner HSBC.
55 Colmore Row has attracted tenants Pinsent Masons and restaurant operator Gaucho. It boasts 160,000 sq ft of Grade A office space, including the addition of two new floors, set behind the Grade II listed Victorian façade with a vista across St Philips Cathedral.
Mark said: “It’s clear that 55 Colmore Row is a tremendous redevelopment of a key building right in the very heart of Birmingham’s busy business district. Along with other key developments nearby, including the Grand Hotel and the Paradise project, it demonstrates that the area is able to attract major investment, which, in turn, breeds business confidence and attracts major companies to locate here. Naismiths is proud to have played its part in the delivery of this important scheme.”