103 Colmore Row proves safe bet for risk management company

Gallagher, the insurance, risk management and consulting services specialist, is moving its Birmingham team to 103 Colmore Row.

The company has taken 12,146 sq ft on the 13th floor of the 26-storey building, agreeing a ten-year lease with joint venture partners Sterling Property Ventures (Sterling) and Tristan Capital Partners (Tristan). The rent is undisclosed.

The move will enable Gallagher to co-locate its 150 staff in Birmingham into a single office.

Gallagher is the sixth company to take space at 103 Colmore Row, joining Grant Thornton, Knight Frank, Shoosmiths, Tilney Smith & Williamson, and flexible workspace operator x+why. More than 60 per cent of the office space in the building is now let.

Tom Gunn, head of real estate and facilities at Gallagher, said: “Having previously operated three separate offices in Birmingham, our move to 103 Colmore Row will enable us to bring everyone together under one roof, and provide a modern and spacious workspace for both our colleagues and clients in a prime city centre location.

“Not only does 103 Colmore Row tick all the right boxes in terms of design and location, but will also allow our colleagues to work in a space that is far more energy efficient – tying in with our ambitions to reduce our environmental footprint in the communities where we have a presence.

“Our move to 103 Colmore Row marks a key milestone for Gallagher in Birmingham as we continue to invest in our presence in the city, and we look forward to welcoming our colleagues and clients to our new home.”

103 Colmore Row is the tallest office building (108 metres) in Birmingham. As well as 223,631 sq. ft. of Grade A, BREEAM ‘Excellent’ office space, the building boasts a two-storey top floor restaurant and ground floor café, which will be operated by D&D London, and a members’ business club on the 18th floor.

103 Colmore Row’s office space has also achieved an EPC rating of A, a first for an office building in the city.

James Howarth, managing director of Sterling Property Ventures, said: “Having more than half the office space let is a real vote of confidence in the building.

“103 Colmore Row’s best-in-class credentials are proving to be real selling points for occupiers, from environmental features such as the heat and hot water being supplied by the city’s District Energy Scheme and the electricity provided from 100 per cent renewable energy, to the smart technology incorporated within the design of the building.

“Coupled with the on-site facilities and amenities, and the building’s location in the heart of the Colmore Business District, with all the added benefits this provides in terms of access to public transport links and the city’s best shops, café’s, bars and restaurants, 103 Colmore Row takes some beating.”

Paul Pritchard, director at Tristan Capital Partners, said: “Our ambition with 103 Colmore Row was to deliver a building which reflected the changing needs of occupiers, offering innovative, quality space complemented by an excellent suite of amenities that appeal to a broad range of organisations – our leasing success is testament to this.”

The office space is being marketed by joint agents Colliers International, Cushman & Wakefield and Knight Frank.

Gerald Eve advised Gallagher on the letting.