CBRE Investment Management Secures F&B Occupier at 10 Brindleyplace Birmingham
June 28, 2022
CBRE Investment Management announces the letting of 4,465 sq ft at 10 Brindleyplace, Birmingham to Turtle Bay, the Caribbean restaurant and bar.
10 Brindleyplace is undergoing a £40 million back to the frame transformation that will open this summer. Turtle Bay is due to open in mid-September and will create over 50 jobs for the local community.
Nick White, Director at CBRE Investment Management said: “We are really pleased to welcome Turtle Bay to 10 Brindleyplace. The creation of an inclusive feel-good space with strong environmental and social credentials for our occupiers and wider community to enjoy strongly aligns with what we are creating at 10 Brindleyplace – a sustainable office space that encourages and combines work with play.”
Steve Robinson, CFO for Turtle Bay, commented: “We are very pleased to be able to offer Caribbean Good Times to even more people in Birmingham by opening a second site, this time in Brindleyplace. We’ll shortly be looking to recruit highly engaged and dynamic team members in bar, floor and kitchen roles; if this interests you, please get in touch.”
Centred around the three pillars of technology, wellness and sustainability, 10 Brindleyplace will be the first Fitwel accredited office in Birmingham - a standard that measures occupant health and wellbeing. It will also be the first workspace in Birmingham to house a uniquely designed bouldering experience in the basement.
With the creation of 210,000 sq ft of high-quality grade A office space, 10 Brindleyplace will not only offer one of Birmingham’s largest available office floorplates, at over 27,000 sq ft, but it will also be the city’s biggest overall office development to complete in 2022. In addition, the scheme is the largest development project at Brindleyplace since it was completed in 2009 and will achieve BREEAM Excellent.
Speaking about Turtle Bay’s own ESG credentials, Mr Robinson added: “Turtle Bay is aware of the link between energy consumption, resultant carbon emissions and global warming and is already identifying ways of saving energy and reducing carbon emissions. We procure all our electricity from renewable sources and we are working with a leading sustainable consultancy firm who provide expertise and, importantly, feet on the ground that engage with our restaurant teams to educate them on practical steps they can take to make a difference.”
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 $146.8 billion in assets under management* as of March 31, 2022, 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 2021 revenue). CBRE has more than 105,000 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.