The Economist opens Birmingham tech hub
The Economist Group has signed for offices in Birmingham city centre, which will be used as the publisher’s technology centre.
The group has taken 3,645 sq ft on the ground floor of 60 Church Street on a five year lease.
Catalyst Capital has invested around £2m in a programme of works at the building, which included refurbishment of all vacant office suites to Grade A standard and remodelling of the common areas, including a new reception.
Sarah Cooper, portfolio manager at Catalyst Capital, said: “Having an occupier of the calibre of The Economist at 60 Church Street reflects just how important our investment into the refurbishment of this building has been. The occupational market in Birmingham remains competitive and we are offering a rare combination of a high-quality working environment available at a competitive price.”
The Economist Group, said: “Having a technology centre in Birmingham is a key part of our digital strategy and 60 Church Street provides the optimal combination of location, quality and cost for our growing team.”
The letting to The Economist leaves just over 15,000 sq ft available, with suites ranging from 3,761 sq ft to 5,802 sq ft.
GVA acted for Catalyst Capital on the deal, with The Economist represented by Cushman & Wakefield.
Occupiers at 60 Church Street include AIG, Kings Chambers, Maersk and Bruton Knowles.
