Persimmon Homes among string of new occupiers at business park

Deals for more than 20,000 sq ft of Grade A office space have been agreed at Birmingham Business Park.

A quartet of new deals have been struck for space at the site, which will see house builders Persimmon Homes and Stonebond moving into new premises, along with parts specialist TVH UK and system water quality specialist Spirotech.

Avison Young, KWB and JLL acted on behalf of asset management firm BlackRock to negotiate the deals for the four office spaces. Persimmon Homes will be taking 10,723 sq ft, Stonebond has moved into 3,534 sq ft, TVH UK has taken 3,909 sq ft of office space and Spirotech has signed for 2,018 sq ft.

This latest collection of deals comes off the back of 50,000 sq ft of lettings on Birmingham Business Park in the first half of 2022, with the Government leasing 37,500 sq ft – marking the largest deal at the park in 22 years.

Adrian Griffith, principal and head of Birmingham office agency at Avison Young said: This collection of deals shines a spotlight on the enduring stability and resilience of Birmingham’s out-of-town market and shows that businesses are continuing to invest in office space within an ever-changing market.

“Sites like Birmingham Business Park are key players in bringing companies back to the workplace for prime office space. BlackRock has new stock coming back to the market in 2023 including two self contained Grade A buildings extending to 60,000 sq ft and 16,000 sq ft.”