Brindleyplace owners appoint new agents ahead of £4m upgrade
The new owner of Birmingham’s prime mixed-use commercial and leisure development, Brindleyplace, has appointed new agents to market the available space at the facility.
The appointment of the office agency team from Savills comes ahead of a £4m investment into the site by clients of HSBC Alternative Investments, which acquired a significant portion of the development ewarlier this year.
The canalside development is one of the city’s most popular commercial destinations, with a range of tenants including RBS, Deloitte, Free Radio, Deutsche Bank and Odgers Berndtson.
The portion of the site acquired in the deal comprises six buildings and the public realm. The various properties are managed on behalf of the clients of HSBC Alternative Investments by long-term asset managers, Hines UK.
Offering more than 500,000 sq ft of Grade A commercial space, there is currently just a tenth of that – 50,000 sq ft – available to let across buildings Three, Four and Nine Brindleyplace.
Raj Rajput, Hines UK, said: “Savills brings a fresh perspective, making them an excellent choice to work alongside GVA in finding the right occupiers for Brindleyplace.
“Following the acquisition by clients of HSBC Alternative Investments, as with any change of ownership, this is an opportunity to re-evaluate our current services and utilise fresh ideas and new ways of thinking. We are therefore taking this opportunity to review our estate strategy as a whole, breaking down preconceptions of the estate and ensuring that it is well positioned to continue offering outstanding commercial space in a unique managed environment.”
Ben Thacker, Office Agency Director at Savills, said: “Since originally pioneering the concept of a mixed use environment for office development in the UK regions, Brindleyplace is now better positioned than ever before to provide the combination of high specification office space in a fully managed environment and satisfy the access to amenity and ‘wellbeing’ initiatives now regarded as ‘must-haves’ by contemporary employers.”
The £4m improvement programme will see refurbishments and improvements throughout the buildings and public realm.
“It is vital that we ensure Brindleyplace remains relevant and attractive to occupiers by constantly evaluating and improving both the physical environment and our services, for building users and estate visitors to receive the very best experience,” added Raj Rajput.
“This has previously included reconfiguring reception spaces, upgrading mechanical and environmental services and ensuring that our security and estate teams have the right training and equipment to ensure the highest standards.
“We are currently identifying future opportunities that will enable us to add extra value to the estate and ensure that Brindleyplace remains one of Birmingham’s leading commercial destinations.”
