Nurton secures final tenant for Birmingham city landmark

A BIRMINGHAM developer has filled the last space in its Grade II-listed city centre scheme – just as its next office project prepares to come on stream nearby.
 
Nurton Developments said consistent demand for 11 Waterloo Street, and the inquiry level on its new No 4 Temple Row, reflected the dearth of smaller, high quality office units in the Central Business District (CBD).
 
The former, which saw the last of its refurbished space taken by software specialist Cloud Operate, in a suite of 1,026 sq ft, was built as the Bank of England’s first Midlands regional headquarters and has been a landmark in the city for 180 years.
 
Meanwhile, almost 24,000 sq ft of Grade A space will be available at No 4 Temple Row this autumn. The development stretches across seven floors, ranging from 2,505 sq ft up to 4,400 sq ft. Nurton acquired the building in November 2015, via a joint venture agreement with a private investor.
 
Rupert Young, development director at Nurton, said £2.5m was being invested in the latest project, which would see the introduction of features such as high-speed lifts, raised floors, air conditioning, suspended ceilings, LED lighting and a new reception area. The building’s façade will also receive a facelift including new windows.
 
CBRE and JLL are joint agents for No 4 Temple Row, as they were for 11 Waterloo Street.

Andy Riach, JLL’s associate director, said: “It’s easy to see why these locations are sought-after, the amenities in the area keep getting better and the new Metro line is now operating, but it’s also about the quality of the landlord offer.
 
“Cloud Operate are experts in IT, communications and software, but they were perfectly happy to take their broadband and phone services straight from Nurton – a tribute to the quality of their offices and understanding of what the market demands.”