1 Newhall Street set to rise from the ashes of Phoenix House

A BIRMINGHAM city centre office building is living up to its former name by undergoing a dramatic re-birth.

The former Phoenix House in Newhall Street is undergoing a multi-million makeover that will see the building almost unrecognisable as the office block which formerly occupied the site.

Contractors have stripped back the building to its frame in readiness to reclad and extend the floorplates to provide prime, much-in-demand Grade A office space.

The city’s booming financial and professional services sector are being targeted as potential occupants once the scheme is complete in December.

Works to the nine storey building are being undertaken by the Ardstone UK Regional Office Fund, which is funded by clients of CBRE GIP.

The completion of the development will see the building renamed 1 Newhall Street to reflect its enhanced status.

Michael Cecil, head of asset management at Ardstone Capital, said: “We are extending the building to provide continuous floorplates of just over 6,000 sq ft. The new glass façade will provide an abundance of natural light. The offices will also have all the latest facilities and amenities associated with Grade A offices including new M&E, lifts, and cooling and heating systems.”

The extensive refurbishment of the 50,000 sq ft building will also include a new reception area, fronting onto Newhall Street.

There will also be a reconfigured retail unit and the landlord has a;lready agreed a deal that will see the return to the building of the popular Yorks Bakery Café.

Ardstone Capital has appointed Colliers International and JLL as joint letting agents for the building.

Jonathan Carmalt, director at JLL, said: “With such a comprehensive overhaul of the building, Phoenix House will be unrecognisable. It is in a superb location and is a further example of the regeneration of Newhall Street and the ongoing redevelopment in the Colmore Business District.”

Matt Long, director at Colliers, added: “The landlord has left no stone unturned on the design and specification and as a result it will have the feel of a brand new building. Furthermore the building is targeting an EPC rating of B, and therefore will provide efficient office accommodation at a time when sustainability is rising up the agendas of occupiers.”

1 Newhall Street will also offer secure car parking and cycle storage, showers and changing facilities.