New tenants take 23,000 sq ft in city centre office tower

CBRE Investors has secured a trio of new tenants at its Quayside development in central Birmingham.

The property developer has welcomed workplace provider Regus, train control manufacturer Signalling Solutions and private investment company Honister Capital to the Broad Street building.

Regus has taken 12,636 sq ft on two floors, making it their seventh business centre in the city, on a 10-year lease for an undisclosed rent.

Signalling Solutions has moved into a 6,318 sq ft office on a 10-year lease, with a five-year break, at a rent of £18 per sq ft.

Honister has taken 4,188 sq ft for three years at £17 per sq ft. The latter two are both new to the city.

Around a third of the office space in the 20 storey tower remains available to let.

Jamie Spires, from the office agency team at agent CB Richard Ellis in Birmingham, said: “Getting 23,000 sq ft of space away in the current climate is a tough call, but CBRE Investors’ willingness to talk on both rent and lease terms has paid dividends.

“Occupiers of the Quayside tower can gaze down on their Brindleyplace counterparts in the knowledge that they are paying around a quarter less for the same Broad Street address.”

Craig Satchwell, director of joint letting agents Colliers International, added: “Quayside is well placed in the current market as it offers an occupier grade A accommodation at a significant discount to competing buildings.”