CBRE Investment Management Completes Transformational Refurbishment of 10 Brindleyplace
July 5, 2023
CBRE Investment Management (“CBRE IM”) has completed its stunning back to the frame transformation of 10 Brindleyplace, Birmingham’s largest office refurbishment scheme.
With a focus on three pillars of technology, sustainability and wellness, 10 Brindleyplace is the first Fitwel accredited office in Birmingham – a standard that measures occupant health and wellbeing. The scheme has also achieved sustainability credentials, including an EPC A rating, a BREEAM Excellent rating and a Platinum WiredScore.
As well as the creation of 210,000 sq ft of high-quality grade A office space, this workplace benefits from a smart building platform from Smart Spaces, making 10 Brindleyplace one of the most technologically advanced office buildings in the country.
Laura Wilson-Brown, UK Head of Asset Management Offices, at CBRE Investment Management said: “10 Brindleyplace delivers a new standard of space, to meet the flight to quality demands of the modern occupier. The building provides a high quality, amenity-rich, sustainable workplace, in a market where deliverability of Grade A space is getting ever harder for investors and developers.”
Partnering with CBRE Investment Management, Spacemade will deliver 27,000 sq ft of flexible workspace at 10 Brindleyplace – 10X. Amenities will include private studios and co-working space for more than 500 people, meeting rooms, a coffee shop and roastery and a 2,000 sq ft auditorium and event space.
Dan Silverman, co-founder at Spacemade said: “The addition of flexible workspace to 10 Brindleyplace is the perfect addition to such a forward-thinking scheme as this. By keeping control and transparency of the flexible workspace, CBRE IM is able to retain the relationship with their customers and fully integrate this crucial amenity into the rest of the building, creating a truly seamless customer experience. With the increased focus on hybrid working, this environment will give members the variety and flexibility required to attract Birmingham’s best talent to the office.”
Lead Project Manager Paul Stanley, Technical Director in Workman LLP’s Venture team, said: “The complex refurbishment and retrofitting of large office buildings is a growing theme, as investors seek to improve the ESG performance of their holdings and avoid carbon-intensive knockdown-and-rebuild strategies. 10 Brindleyplace is a beacon of best practice for this effort – having transformed two smaller outdated office spaces into an industry-leading workspace that sets the bar for both Birmingham and the wider UK office market.”
CBRE and Savills are acting as joint agents for the office space.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $148.9 billion in assets under management* as of March 31, 2023, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management 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 Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.