Consulting engineers agree new lease at REI’s St Paul’s Square

A deal for 7,500 sq ft of space at 40 St Paul’s Square has been signed by multi-disciplinary consulting engineers Patrick Parsons.

Patrick Parsons has taken up the 10 year lease to merge its two Birmingham-based offices, bringing together its team from Edgbaston with the team currently residing in a separate space at 40 St Paul’s Square.

Ian Clark, asset manager at REI, said: “We’re pleased to have agreed this new lease with Patrick Parsons at what continues to prove to be a highly sought-after venue.

“It also reflects well on our detailed approach, as REI was flexible on the lease structure to accommodate the tenant’s requirements.”

Peter Stienlet, chief executive officer of Patrick Parsons, said: “We are very excited to be merging our two Birmingham teams together and moving them into this great space in the heart of Birmingham.

“The 7,500 sq ft space offers us the ability to accommodate client meetings and events, and affords us the potential for significant future growth.”

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