Global software firm becomes first tenant of refurbished office scheme
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Nurton Developments has signed the first occupier to its latest Birmingham city centre scheme, following the completion of a £2.7m refurbishment project.
Software company Bentley Systems, a family-owned corporation based in the United States, has taken the entire third floor at 4 Temple Row.
Bentley was founded in the early 1980s and now runs operations in more than 50 countries from its Pennsylvania headquarters.
4 Temple Row has seven upper floors – with a combined Grade A floor-space of circa. 23,500 sq ft – and is aiming to capitalise on the shortage of smaller floorplates in the Colmore Business District, with offices ranging from 2,500 to 4,400 sq ft.
Rupert Young, Nurton’s development director, said it was satisfying to see the first tenant commit to the property following a substantial investment.
“It’s very pleasing, especially when you’ve invested a substantial amount of money, to see the first tenant sign up for a scheme. Even more so, given that Bentley could have gone anywhere in the city centre,” he said.
The Birmingham offices of CBRE and JLL are joint agents on the scheme, and the latter also represented Bentley Systems.
Andrew Riach, of JLL’s office agency team, said: “It’s always good to get the first letting away on any scheme, because it raises its profile and reminds the market that the space is now ready for occupation.”
4 Temple Row was acquired in November 2015 as part of a £9m joint venture with WINDL offices, which also included the acquisition of Wireless House at Warwick Technology Park. This building has undergone a separate a £2.9m refurbishment.
Refurbishment of 4 Temple Row includes an enlarged reception area, two new hi-speed lifts, raised floors, metal suspended ceilings incorporating LED lighting and new three-pipe VRF air conditioning throughout with cycling storage facilities and showers in the basement.