The office agency team from international real estate advisor Savills has been appointed as joint commercial letting agent at Birmingham’s landmark Brindleyplace estate.
One of the most popular commercial destinations in Birmingham, the canal-side development’s occupiers include a range of businesses, including RBS, Deloitte, Free Radio, Deutsche Bank and Odgers Berndtson.
A significant part of the fully managed estate – encompassing six buildings and the public realm – was acquired earlier this year by clients of HSBC Alternative Investments and is managed on its behalf by long-term asset managers, Hines UK.
Offering a total of over 500,000 sq ft of Grade A commercial space, there is currently just 50,000 sq ft available to let across buildings Three, Four and Nine Brindleyplace.
Raj Rajput, Hines UK, said: “Alongside their outstanding track record the Savills team brings a fresh perspective, making them an excellent choice to work alongside GVA in finding the right occupiers for Brindleyplace.
“Following the acquisition by clients of HSBC Alternative Investments, as with any change of ownership, this is an opportunity to re-evaluate our current services and utilise fresh ideas and new ways of thinking. We are therefore taking this opportunity to review our estate strategy as a whole, breaking down preconceptions of the estate and ensuring that it is well positioned to continue offering outstanding commercial space in a unique managed environment.”
Savills has been appointed as joint agent alongside existing Brindleyplace based agency, GVA.
Ben Thacker, Office Agency Director at Savills, said: “Since originally pioneering the concept of a mixed use environment for office development in the UK regions, Brindleyplace is now better positioned than ever before to provide the combination of high specification office space in a fully managed environment and satisfy the access to amenity and ‘wellbeing’ initiatives now regarded as ‘must-haves’ by contemporary employers.
“Brindleyplace has grown to be recognised as a leader in its field, with the commercial buildings standing the test of time and developing a reputation as a premier office location. Our appointment is a fantastic opportunity to be part of the next exciting phase of this leading office scheme.”
The appointment of Savills comes ahead of a planned £4m investment into the estate by clients of HSBC Alternative Investment which will see refurbishments and improvements throughout the buildings and public realm.
Raj Rajput continued: “The investment that will be delivered at Brindleyplace is the latest step in the evolution of this truly landmark location. Brindleyplace set the blueprint for office-led mixed use development, an approach that we have now seen replicated countless times across the country and beyond.
“It is vital that we ensure Brindleyplace remains relevant and attractive to occupiers by constantly evaluating and improving both the physical environment and our services, for building users and estate visitors to receive the very best experience.
“This has previously included reconfiguring reception spaces, upgrading mechanical and environmental services and ensuring that our security and estate teams have the right training and equipment to ensure the highest standards.
“We are currently identifying future opportunities that will enable us to add extra value to the estate and ensure that Brindleyplace remains one of Birmingham’s leading commercial destinations.”
