Wealth management firm extends lease at Bromsgrove building
Real Estate Investors plc (REI) has agreed a new long-term deal that secures the occupation of Avon House in Bromsgrove by financial services firm AFH Wealth Management.
AFH initially moved into the building in 2015, taking just one floor. Since then, the business has grown substantially and is now the UK’s largest independent financial advisor with £6bn under management.
The company now occupies the entire 25,514 sq ft over all four floors, housing 300 plus employees.
REI has owned Avon House on Buntsford Gate Business Park since 2007.
AFH has committed to an additional 10 year term in addition to the 18 months left on the current lease.
Jack Sears: “We are delighted to have secured AFH Wealth Management’s future in Avon House. AFH were keen to secure their long-term future at the location, which will enable them to make improvements to the office space.”
REI handled the letting in-house and were advised by Donna Barnes at law firm SHMA.