Kinrise, the leading UK development and investment company who have transformed 34 Boar Lane in Leeds into a magnificent 21st century mixed-use business destination, have bought an historic building in the centre of Birmingham.
The company has acquired the Citadel building in the heart of Birmingham for £3.89m from Lasalle Investment Management.
The Citadel in Corporation Street comprises 46,000 sq ft of office and retail space set behind an impressive Victorian façade. It is a significant addition to the Kinrise portfolio, which includes unique buildings in Manchester as well as Leeds.
Samuel Lawson Johnson of Kinrise explained: “To be operating in Birmingham is an exciting next step for us, particularly in a building of such character and boasting such great potential. The Kinrise model welcomes all businesses: small, medium and large and Citadel’s layout is perfect for those looking for a single desk or a full floor, interconnected by a vast atrium for all to enjoy as a social space.”
Launched in 2015 and with a proven track record in Leeds and Manchester, Kinrise understands that creating inspiring and social places of work enables individuals and companies to truly thrive, which is particularly important after many teams have been working separately across the past year.
The signature Kinrise, design-led approach, refurbishment will soon begin throughout Citadel; the team will be installing new technology across all floors and transforming the impressive central atrium into a social gathering point, complete with café, to promote connection between all tenants in the building. This space will also host events and Kinrise cultural programmes in the future.
George Aberdeen of Kinrise added: “Our aim at Kinrise is to turn iconic yet un-loved buildings into creative and inspiring work and cultural spaces. Through our acquisition of Citadel, we are proud to be able to usher a piece of Birmingham’s architectural heritage into a new era”.
Citadel is set to open to new tenants following refurbishment in 2021. Existing tenants at Citadel include the restaurant Boston Tea Party and legal groups CAFCAS and Citadel Chambers.