Leading independent property advisor, GVA has let 6,215 sq ft on the eighth floor of Birmingham’s Colmore Gate on behalf of Aviva Investors to Wesleyan Assurance Society.
Situated on Colmore Row in Birmingham’s commercial heartland, Colmore Gate provides 170,500 sq ft of refurbished Grade A office accommodation over 15 floors. The expansion by Wesleyan now leaves just one floor of 6,215 sq ft unoccupied. Quoting rents for Colmore Gate are from £22.50 per sq ft.
George Jennings, GVA, said: “Colmore Gate is a fantastic building in a prime location that has stood the test of time with 96 per cent occupancy. We have already received substantial interest in the remaining floorplate, which has only recently returned to the market, underpinning the popularity of Colmore Gate.
“The recent refurbishment of the common areas and reconfiguration of the ground floor reception within the building has also enhanced its desirability. This is of course exceedingly positive for Colmore Gate and is yet another sign of the increasing demand for high quality refurbished space within the regional office sector.”
Founded in 1841, Wesleyan Assurance Society provides a range of financial products and advice for clients operating throughout the professional market, including the medical, dental, teaching and legal sectors. Alongside Colmore Gate, the company also occupies the adjacent Wesleyan Building.
Charles Barratt, Wesleyan Assurance Society, said: “Having initially expanded to Colmore Gate 18 months ago, we knew that the quality of the building and its location were exactly what we were looking for. We have seen a strong year with confidence returning to our markets and are delighted to have secured the eighth floor, meeting our aspirations for continued growth.”
GVA acts as joint agents on Colmore Gate with GBR Phoenix Beard. Wesleyan was represented by DTZ.
Other commercial occupiers in the vicinity include Wragge & Co., Barclays, KPMG, Eversheds and RBS.