AshbyCapital, the property investment advisory company, has let the remaining space on the second floor at The Colmore Building, its multi-let office building in Birmingham’s Colmore Business District, to international insurance company, Chubb Limited.
Chubb, the world’s largest publicly traded property and casualty insurer, has taken 6,188 square feet at The Colmore Building, moving from its current Birmingham location on Edmund Street.
Chubb will join an array of other global tenants including Vodafone, Allianz, Investec, Grant Thornton, Hogan Lovells, and most recently, Rathbones and Willis Towers Watson.
The sixth and seventh floors are now the only remaining floors left in the building, offering 46,760 sq ft of contiguous space, available via joint agents JLL and GVA.
With Chubb’s letting, The Colmore Building is now 85 per cent occupied, and AshbyCapital has now let at total of 60,000 sq ft at the building since September 2017.
Tom Smithers, Head of Asset Management at AshbyCapital, said:
“To have another one of Birmingham’s global companies move into The Colmore Building speaks volumes about the world-class quality of both the workspace itself and the range of amenities on offer. This is an exciting period of growth for Birmingham and with only two floors remaining, The Colmore Building has quickly established itself as one of the city’s most prominent office addresses.”
Liz Bailey, Senior Surveyor in CBRE’s Birmingham office agency team, who advised Chubb on the letting, said:
“Having made the decision to relocate from its existing premises at Innovation Square, the challenge was to find an office that could offer a high standard of accommodation befitting an international business such as Chubb. We’re pleased to have helped in facilitating the move to the Colmore Building and wish Chubb all the best in its new home.”
Andy Riach, Associate Director at JLL, leasing agent for The Colmore Building, said:
“The flight to quality for all occupiers is gathering momentum as businesses prioritise staff well-being above all other factors. The Colmore Building has raised the bar with its amenity offer and customer-oriented approach, and there are more exciting developments for the building in the pipeline.”
The Colmore Building comprises 310,000 sq ft of Grade A office space over 14 storeys and has achieved an ‘excellent’ BREEAM environmental and sustainability rating, as well as a ‘Platinum’ WiredScore connectivity rating – the highest available.
Following a £3.5 million enhancement programme, the building offers Birmingham’s broadest range of amenities, including a gym, treatment rooms, bicycle parking, luxury changing rooms and a drying room, as well as a refurbished reception area and newly expanded café, branded &More Coffee House.
CBRE represented Chubb; agents for The Colmore Building are JLL and GVA.