Birmingham
CBRE Global Investors Begins Works on Birmingham's Largest Office Refurbishment Scheme
09 Dec 2020
CBRE Global Investors has begun work on the £39.75m back to the frame transformation of 10 Brindley place – Birmingham’s largest office refurbishment scheme, and the largest development project at Brindley place since it was completed in 2009.
The scheme will see the creation of 210,000 sq. ft. of high-quality grade A office space, with one of Birmingham’s largest available office floorplates, at over 27,000 sq. ft.
The ambitious project, designed by Associated Architects, combines 10 and 8 Brindley place into one building, including the former SACO serviced apartments. Work is due to be completed in summer 2022.
The former home of RBS will be transformed, with a new, modern façade, generous double height reception space accessed from both Oozells Square and Broad Street, and large modern open plan office floors with floor to ceiling height windows. The redevelopment will have a strong emphasis on sustainable design and occupier wellness.
The scheme will achieve BREEAM Excellent, Net Zero Carbon, and it will be Birmingham’s first building to receive Fitwell accreditation, a standard that measures occupant health and wellbeing. It will also be Wired Score certified, in recognition of its excellent connectivity.
Occupier amenities will include an on-site café; fitness facilities including a bouldering wall and fitness studio; extensive roof terraces; cycle storage for 100 bicycles; and electric vehicle charging. The West Midlands Metro runs directly past the building, with a new stop being created opposite its Broad Street entrance.
John Mulqueen, Head of Offices EMEA, CBRE Global Investors said: “This is a very exciting opportunity to reposition an office building that offers Grade A space. Critically, it will also meet our ESG objectives by providing a truly smart and sustainable building. The building will have large flexible floorplates and an array of wellness amenities that will surpass occupier expectations.”
Theo Holmes, Director in CBRE’s office agency team, commented: “This is a real headline product for both Brindley place and Birmingham, which raises the already-high bar in the city.
“It sets a new benchmark for the reinvention of existing office space in Birmingham, with a high standard of fit out and a range of building amenities that rivals the very best office buildings in Birmingham.”
The works are being carried out by Willmott Dixon, with Thames is acting as development managers and the Venture team at Workman as project managers; CBRE and Savills are acting as joint agents for the office space.
ENDS
For more information and imagery, please contact Jon Perks at CAB Campaign – [email protected] or call 0774 008 3838
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.
The scheme will see the creation of 210,000 sq. ft. of high-quality grade A office space, with one of Birmingham’s largest available office floorplates, at over 27,000 sq. ft.
The ambitious project, designed by Associated Architects, combines 10 and 8 Brindley place into one building, including the former SACO serviced apartments. Work is due to be completed in summer 2022.
The former home of RBS will be transformed, with a new, modern façade, generous double height reception space accessed from both Oozells Square and Broad Street, and large modern open plan office floors with floor to ceiling height windows. The redevelopment will have a strong emphasis on sustainable design and occupier wellness.
The scheme will achieve BREEAM Excellent, Net Zero Carbon, and it will be Birmingham’s first building to receive Fitwell accreditation, a standard that measures occupant health and wellbeing. It will also be Wired Score certified, in recognition of its excellent connectivity.
Occupier amenities will include an on-site café; fitness facilities including a bouldering wall and fitness studio; extensive roof terraces; cycle storage for 100 bicycles; and electric vehicle charging. The West Midlands Metro runs directly past the building, with a new stop being created opposite its Broad Street entrance.
John Mulqueen, Head of Offices EMEA, CBRE Global Investors said: “This is a very exciting opportunity to reposition an office building that offers Grade A space. Critically, it will also meet our ESG objectives by providing a truly smart and sustainable building. The building will have large flexible floorplates and an array of wellness amenities that will surpass occupier expectations.”
Theo Holmes, Director in CBRE’s office agency team, commented: “This is a real headline product for both Brindley place and Birmingham, which raises the already-high bar in the city.
“It sets a new benchmark for the reinvention of existing office space in Birmingham, with a high standard of fit out and a range of building amenities that rivals the very best office buildings in Birmingham.”
The works are being carried out by Willmott Dixon, with Thames is acting as development managers and the Venture team at Workman as project managers; CBRE and Savills are acting as joint agents for the office space.
ENDS
For more information and imagery, please contact Jon Perks at CAB Campaign – [email protected] or call 0774 008 3838
About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.