Developer relocates regional HQ in Birmingham
Godwin Developments has taken the top floor of the recently refurbished One Newhall Street as its West Midlands headquarters.
The regional property development and investment company is moving from its current Colmore Row address due to pressure on space.
In the past year, staff numbers have increased by 60% as the firm’s growing number of regional projects has expanded.
Godwin Developments has taken 3,100 sq ft, including a terrace with views across central Birmingham, on a 10-year lease.
Stuart Pratt, group development director and co-founder of Godwin Developments, said: “We are delighted with our new offices in Birmingham which will allow us to accommodate the expansion plans we have for the coming years.
“The additional space inside the office is complemented by the outside terrace and we are particularly pleased with this as we hope our clients, team and partners will benefit from the central location, great views and well thought out space we are now occupying.”
Godwin Developments is the first tenant to take space in the 50,000 sq ft building which has been refurbished by owners Ardstone Capital, the Dublin-based property investment company.
The refurbishment work, and eighth floor fit out by Office Innovations, has seen the installation of a fully glazed façade fronting Newhall Street, the expansion of floorplates on all floors and a refurbished reception area.
Joint letting agents are GVA and JLL.
George Jennings, director in the national office space team at GVA based in Birmingham, said: “Godwin Developments is the first occupier to take space at One Newhall Street following completion of the comprehensive programme of works which has brought new life to this building.
“One Newhall Street has secured a rental value of £30 per sq ft for this suite, which is a testament to the quality of the works and level of refurbishment.
“One Newhall Street occupies a prestigious position just off Colmore Row. It is a prime example of what can be accomplished through the refurbishment of existing stock to meet Birmingham’s continuing demand for well located, high quality office space.”
Godwin Developments was advised by Aaron Chandler of Birmingham law firm Emms Gilmore Liberson and Marcus Hayes of Bespoke Office Space Solutions (BOSS). Ardstone Capital was advised by Phil Murphy at international law firm Pinsent Masons.
