Refurbished office building fully let
A refurbished office building outside Birmingham city centre is now fully let.
Distance learning specialist Oxbridge has taken a three-year lease on the last available office suite at Fazeley House in Aston.
Key Land Capital acquired the vacant building in September last year. Following investment in an extensive programme of refurbishment, all 18,000 sq ft of space is now occupied with a range of businesses.
Key Land Capital chief executive Kevin Sharkey said: “We’ve invested heavily in a complete refurbishment of Fazeley House and our confidence in the investment has reaped rewards, with all of the space now occupied. It is very satisfying to see it attract an exciting, technology-led business of the caliber of Oxbridge Ltd. This is an ideal location for their new headquarters, being less than a mile from the city centre and with excellent transport links.”
Key Land Capital was advised by property consultancy Siddall Jones.
Managing director Edward Siddall-Jones said: “We are delighted that Fazeley House is now fully let and we’ve been surprised at the level of office enquiries, and our success rate, coming out of the pandemic.
“It is evident that businesses are looking to take smaller suites and move out of the city centre in order to help cut running costs. Covid-19 has focused the minds of business owners who now appreciate the benefits of flexible working and are now re-evaluating their office footprint and the cost benefit of moving one mile out of the city centre.”